TNB Supports Targeted Subsidies to Help the Rakyat in Need

18/05/2023

Tenaga Nasional Berhad (TNB) supports the provision of targeted subsidies, to help maintain the country’s economic growth and to help lighten cost pressures on low-income groups, said its Chairman, Dato’ Abdul Razak Abdul Majid.

“With higher inflation affecting households and businesses, in late 2022 the government announced the implementation of a targeted electricity subsidy scheme for domestic users to continue enjoying tariff rebates on their electricity bills and did not increase the surcharge on tariffs for a select group of small businesses and industries.

“We will continue to support the government's continuous effort to manage the tariff within the framework of the Imbalance Cost Pass Through (ICPT) mechanism, while balancing the need for affordable tariffs for the rakyat and economic growth. As a caring corporate entity, TNB understands the need to help the low-income groups in Malaysia to cope with everincreasing cost pressures. At the same time, we continue the efforts to give back to the communities through impactful educational and socio-economic initiatives,” he said in a statement issued in conjunction with TNB’s 33rd Annual General Meeting today.

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