Commercial electricity costs fell slightly in the second half of the year. National Energy: No impact on finance
Commercial electricity costs fell slightly in the second half of the year. National Energy: No impact on finance
$TENAGA(5347.MY$ National Energy today ushered in a cost transfer mechanism (ICPT) for the second half of the year. From July 1 to December 31, the peninsula's household electricity rate remained unchanged; the ICPT surcharge for commercial and industrial users was reduced by 1 cent per kilowatt-hour.
The Ministry of Energy and Water Transition (PETRA) recently announced that the government has decided to continue implementing the ICPT from July 1 to December 31 this year.
This is to deal with additional power generation costs due to higher fuel prices between January 1 and June 30 this year.
So far, since the mechanism was introduced in 2015, the government has implemented 20 cycles of ICPT.
According to this, the government will allocate RM2.292 billion as targeted electricity subsidies for the second half of the year.
Despite this, National Energy said it will not have any impact on its business operations and finances.
It is worth noting that Guoneng's stock price in the first half of the year was driven by fanatical data center themes, and reached a 52-week high of RM14.28 on June 18.
Last week, China was affected by market arbitrage and pulled back slightly, but on the first trading day of the second half of the year, it seemed to regain upward momentum.
Source: Nanyang Siang Pao
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