KUALA LUMPUR – Gas Malaysia Bhd has announced that under the Incentive-Based Regulation (IBR) framework, the current base average tariff is maintained at the rate of RM1.573 per gigajoules (GJ) per day.
The current base average tariff is for users of Gas Malaysia Distribution Sdn Bhd’s (GMD) Natural Gas Distribution System between January 1, 2023 and December 31, 2025, Gas Malaysia Bhd said in a filing with Bursa Malaysia today.
Gas Malaysia said GMD is to affect the adjustment at the rate of 3.8 sen per GJ per day through a rebate to its base average tariff in the next three years.
“Therefore, GMD’s distribution tariff under the IBR framework for all types of utilisations is RM1.535 per GJ per day for the period from January 1, 2023 until December 31, 2023.
“The distribution tariff for Regulatory Period 2 will continue to contribute positive returns from the regulated segment of Gas Malaysia for the financial year ending December 31, 2023,” the group said.
Gas Malaysia also clarified that the tariff approval is not applicable to the sale of liquefied petroleum gas supplied in gas cylinders or in bulk supply. – Bernama, December 30, 2022
