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This is largely because of escalating energy costs.
As of 1st June 2011, TNB will have to buy natural gas at RM13.70/mmBTU*. The hike of 28% from the current price of RM10.70/mmBTU* is based on the government’s decision to review the natural gas pricing mechanism to reflect market price. The review is carried out every six months.
As a result of the gas price increase, TNB’s gas bill will swell to about RM1.5 billion per year.