TNB bears bulk of RM248 million electricity bill protection scheme

Malaysia's energy transition minister Fadillah Yusof disclosed on Tuesday that TNB will bear the majority of the RM248 million cost associated with protecting electricity bills for consumers. The scheme distributes financial responsibility between the national utility and the government, with TNB absorbing substantial fuel adjustment and retail charges incurred under the protection mechanism. The government will separately cover the sales and service tax component of the protection initiative. The cost-sharing arrangement reflects efforts to manage the financial burden of maintaining affordable electricity rates for Malaysian households and businesses amid volatile global energy markets. Officials said the joint approach ensures sustainability of the protection scheme while limiting the drain on public finances.