KUALA LUMPUR, March 31 - Tenaga Nasional Bhd has announced the Automatic Fuel Adjustment (AFA) rate for April, with consumers set to receive a slightly reduced rebate of 0.47 sen/kWh.
In a post on X, TNB said the AFA does not apply to domestic customers with electricity usage of 600kWh and below, which corresponds to a bill of approximately RM215.98.
On its website, TNB said the AFA will be reflected on a monthly basis in the electricity bill if there is any fluctuation in the market fuel prices and foreign exchange rates.
The utility firm also revealed the three-month AFA rate forecast for May (-39 sen/kWh), June (-91 sen/kWh) and July (8 sen/kWh).
“The declaration of the AFA rate (in sen/kWh) shall be based on confirmation by the Energy Commission or as officially communicated through a ministerial decision,” it said.
The AFA, a mechanism that adjusts based on the market cost of fuel and foreign exchange rates, replaced the previous Imbalance Cost Pass-Through (ICPT), which is used as a mechanism to calculate the electricity bill.
At the time of writing (9.23pm), Brent crude rose 4.1 per cent to US$117.4 per barrel.