News

Cabinet agrees to reduce basic average tariff for the use of gas facilities

Mohd Rafizi Ramli

KUALA LUMPUR, Dec 23 (Bernama) -- The Cabinet has agreed to reduce the basic average tariff for the use of gas facilities to be paid by gas users for the second regulatory period (RP2) starting from Jan 1, 2023 to Dec 31, 2025.

The setting of the gas facility charge by the government for each regulatory period is part of the country’s gas market regulatory framework under the Incentive Based Regulation (IBR) framework.

Economy Minister Rafizi Ramli said the new tariff for gas facilities for RP2 involves four gas facilities which are the regasification terminal owned by Regas Terminal (Sg Udang) Sdn Bhd (RGTSU), the regasification terminal owned by Pengerang LNG (Two) Sdn Bhd (RGTP), the transmission pipeline owned by Petronas Gas Bhd (PGB) and the distribution pipeline owned by Gas Malaysia Distribution Sdn Bhd (GMD).

“The setting of the average tariff for gas facilities for RP2, and the adjustment of income and the average tariff allowed for that period that is the average basic tariff for RGTSU remains the same as the RP1 period at the rate of RM3.455/gigajoule (GJ)/day.

“And there is no income adjustment for the period from Jan 1, 2023 to Dec 31, 2023," he said in a statement today.

Rafizi also said the average basic tariff for RGTP dropped by 9.2 per cent at a rate of RM3.165/GJ/day compared to RM3.485/GJ/day in the RP1 period and there was no income adjustment for the period from Jan 1, 2023 to Dec 31, 2023.

Meanwhile, the average basic tariff for PGB also fell by 5.8 per cent at a rate of RM1.063/GJ/day compared to RM1.129/GJ/day for the RP1 period.

“The average tariff allowed for the period from Jan 1, 2023 to Dec 31, 2023 is RM1.061/GJ/day after adjusting the excess income of RM0.002/GJ/day.

“The average basic tariff for GMD remains as it was during the RP1 period at the rate of RM1 .573/GJ/day. The average tariff allowed for the period Jan 1, 2023 to Dec 31, 2023 is RM1.535/GJ/day after adjusting for excess income of RM0.038/GJ/day,” he explained.

Rafizi said the reduction in the average tariff of gas facilities for the RP2 period is expected to provide savings in terms of energy costs to the industry.

“It depends on the volume of gas consumption, the reduction in the average tariff of gas facilities is projected to translate into savings of between RM5.5 million and RM33.2 million for 2023.

“For the distribution segment according to user category whether residential, commercial or industrial, savings are between RM4,000 and RM55.9 million for 2023," he added.

-- BERNAMA

 

 

 

    Other News

Sarawak Lepasi Sasaran Kapasiti Gabungan Tenaga Boleh Baharu Tahun Ini - Abang Johari

Oleh Nur Ashikin Abdul Aziz

SINGAPURA, 21 Okt (Bernama) -- Sarawak mencapai 62 peratus sasaran campuran kapasiti tenaga boleh baharu (TBB) tahun ini, melepasi sasaran 60 peratus yang digariskan dalam Strategi Pembangunan Pasca COVID-19 (PCDS) 2030.

Sarawak Pacu Pertumbuhan Tenaga Boleh Diperbaharui Untuk Manfaat ASEAN - Premier

SINGAPURA, 21 Okt (Bernama) -- Sarawak komited menyokong peralihan tenaga boleh diperbaharui di Asia Tenggara dengan memanfaatkan potensinya sebagai "Bateri ASEAN," yang akan membekalkan tenaga bersih menerusi sambungan Grid Kuasa Borneo dan ASEAN.             

Belanjawan 2025 Percepat Peralihan Kepada Tenaga Bersih - Solarvest

KUALA LUMPUR, 19 Okt (Bernama) -- Belanjawan 2025 merupakan satu langkah ke arah mempercepat peralihan kepada tenaga bersih di Malaysia, kata Solarvest Holdings Bhd.