TNB posted third-quarter revenue of RM13.47bil on higher power demand.
PETALING JAYA: Growth in demand for electricity fuelled Tenaga Nasional Bhd
’s (TNB) topline expansion but earnings were lower for the third quarter ended Sept 30 (3Q23) due to lower imbalance-cost -pass-through (ICPT) during the period.
ICPT is a mechanism that allows TNB to reflect changes (either increases or reductions) in fuel and other power generation-related costs in the electricity tariff every six months.
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