Earnings expansion possibility for TNB

TheStar Fri, Aug 04, 2023 12:00am - 11 months View Original


“We are positive on the long-term outlook for TNB due to the improving cash flow from easing imbalance cost pass-through (ICPT) receivables, and exciting earnings growth opportunities from the NETR roadmap,” said TA Research.

PETALING JAYA: Tenaga Nasional Bhd (TNB) is seen as the key beneficiary from the National Energy Transition Roadmap (NETR) as it will gain incremental revenue from wheeling charges of cross-border electricity exports.

The grid upgrade for energy transition will be under a different scheme from the current regulated incentive-based regulation (IBR) scheme, according to TA Research.

There will be a single market aggregator to regulate the portion of renewable energy allowed to be exported and to implement multi-tier pricing to domestic and foreign firms.

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