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MyPower Corp looking at electricity tariff reforms: Fadillah

KUALA LUMPUR: MyPower Corp is currently undertaking a study to reform the electricity tariff structure, and the outcome of the study is expected to determine the appropriate tariff structure reflecting the actual cost of electricity supply, said Energy Transition and Public Utilities Minister Datuk Seri Fadillah Yusof.

MyPower Corp studying electricity tariff reforms: Fadillah

Cypark optimistic on renewable energy market

KUALA LUMPUR: Cypark Resources Bhd targets to secure potential jobs from the RM3bil to RM4bil worth of engineering, procurement, construction and commissioning works available in the market.

Demand for electricity to recover in 2021

expects demand for electricity to also recover in 2021, along with the local economic recovery with the ongoing vaccine deployment. However, the pace of recovery is yet uncertain, said its president and chief executive officer Datuk Baharin Din. Baharin, who assumed the role at the helm on March 1, said that due to the setbacks in 2020, the utility group had suggested an extension of the Regulatory Period 2 (RP2) for a year. “This was approved by the Government, hence RP2 will be effective until end-2021. “We have submitted our proposal for RP3 to ensure its relevancy to the new normal that has been shaped by the pandemic, ” he said in TNB’s 2020 Annual Report.

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