CIMB Securities: TNB to absorb up to RM150m extra costs from expanded AFA exemptions
KUALA LUMPUR, Sept 21 — Tenaga Nasional Bhd (TNB) is projected to absorb RM120 million to RM150 million in ex...
Tenaga Nasional Bhd (TNB) is expected to incur extra costs of between RM120 million and RM150 million between September and December 2026 due to expanded government exemptions. These exemptions will benefit approximately one million additional residential users, raising the total number of exempted users to over eight million. The threshold for monthly usage has increased from 600 kilowatt-hours (kWh) to 800 kWh.
TNB believes the final financial impact will depend on the AFA charges during the protection period, which are influenced by fuel costs.
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