Monday, 8 July 2013

Electricity tariffs to reflect cost of fuel next year

Tenaga Nasional Berhad (TNB) will implement the Fuel Cost Pass-Through (FCPT) mechanism next year to determine electricity tariffs more efficiently for consumers.

Energy, Green Technology and Water Deputy Minister Datuk Seri Mahdzir Khalid said the mechanism was one of the components in the Incentive-Based Regulation (IBR), under the electricity tariff rate determination programme.

"The Energy Commission is in the process of implementing the IBR and among the components to be implemented is the FCPT mechanism.

"Under this mechanism, any change in the fuel will be channelled to the consumers based on the tariff set by the Government," he said in the Dewan Rakyat in reply to a question from Liang Teck Meng (BN-Simpang Renggam).

Liang wanted to know when the FCPT mechanism would be implemented by TNB to reflect the actual cost of fuel.


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