EnergyWATCH

Source : Tenaga Nasional Berhad

Actual coal prices for 2014 were below benchmarked price.

COALPower Sector Coal PriceUSD/MT

Actual Average Coal PriceBenchmark price in tariff

87.5 -------------------

-------------------

-------------------

77.16 78.00

74.63

72.93

Benchmark coalprice set in Jan ʼ14tariff revision

LNGActual price billed by PETRONASBenchmark price in tariff

Jan ʻ14 Dec ʼ14

Liquefied Natural Gas (LNG) Price to Power SectorRM/mmBTU

------------------

-----------------------

------------------

Benchmark LNGprice set in Jan ʼ14tariff revision

41.68

46.02

47.65

48.77

46.04

Actual LNG prices for 2014 were above benchmarked price.

OIL PRICE MOVEMENT AND ITS IMPACT ON ELECTRICITY TARIFFOIL PRICE MOVEMENT AND ITS IMPACT ON ELECTRICITY TARIFF

Power generation of electricity in Malaysia is largely dependent on pipeline gas, liquefied natural gas (LNG) and coal with the rest relying on hydro, distillates and renewable energy. The fuel (gas and coal) are used mainly to power up generation plants in the country. The Incentive Based Regulation (IBR) introduced by Energy Commission will allow consumers to know the components involved in electricity tariff. The key cost components generally involve fuel and generation costs as electricity needs fossil fuels to generate and transmit power to the entire Nation and distributed to Large Power Consumers (LPC), industries, commercial centres and domestic consumers. Due to this fuel mix of power generation in Peninsular Malaysia, oil price movement has no direct impact on electricity tariff.

Due to the strengthening of the USD against Ringgit Malaysia (RM), the energy sector has to pay more for the same quantity of fuel.

FOREX

(Jan ʻ14)

USD against RM

(Dec ʻ14)

RM3.14

RM3.57

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

13%

Jan ʻ14 Dec ʼ14

Gas Coal Hydro Others

2% 3%Generation Fuel Mix

46%49%

as at November 2014

EnergyWATCH

Source : Tenaga Nasional Berhad

With the nationʼs demand of electricity expected to grow at an average of 3.3% from now until 2018, Tenaga Nasional Berhad (TNB) is spending approximately RM6 billion for new infrastructure and maintenance under capital expenditure (CAPEX) annually to ensure electricity supply remain sustainable.

Gas Coal Distillates Hydro Medium Fuel Oil

0.60% 0.04%

35.30%53.8%

10.30%Generation Fuel Mix

FOREX

FUEL The benchmark fuel prices in Base Tariff effective 1st January 2014

Fuel Component Unit Price

Domestic Natural Gas RM15.20/mmBTU

Imported LNG Gas RM41.68/mmBTU

Imported Coal USD87.50/MT

Actual coal prices for 2014 were below benchmark prices... COALPower Sector Coal Price,USD/MT

Actual Average Coal Price (CIF) 1

Benchmark price in tariff87.5 -------------------

-------------------

-------------------

77.16 78.00

74.63

72.93

Q1CYʼ14(Jan - Mar ʻ14)

Q2CYʼ14(Apr - Jun ʻ14)

Q3CYʼ14(Jul - Sep ʻ14)

Q4CYʼ14(Oct - Dec ʻ14)

Source: 1-Single Buyer Department, TNB

Benchmark coalprice set in Janʼ14tariff revision

LNGActual price billed by PETRONAS1

Benchmark price in tariff

Q1CYʼ14(Jan - Mar ʻ14)

Q2CYʼ14(Apr - Jun ʻ14)

Q3CYʼ14(Jul - Sep ʻ14)

Q4CYʼ14(Oct - Dec ʻ14)

Source: 1-Single Buyer Department, TNB

Liquefied Natural Gas (LNG) Price to Power Sector,RM/mmBTU

------------------

-----------------------

------------------

Benchmark LNGprice set in Janʼ14tariff revision

41.68

46.019

47.649

48.772

46.042

...however,it is offset against a substantially higher LNG prices

CRUDE OIL PRICE HAS NO MIGNIFICANT IMPACT AN ELECTRICITY TARIFF

CRUDE OIL PRICE HAS NO MIGNIFICANT IMPACT AN ELECTRICITY TARIFF

EnergyWATCH

Sumber : Tenaga Nasional Berhad

Harga sebenar Arang Batu untuk 2014 adalah kurang daripada harga penanda aras.

ARANG BATUHarga Arang Batu Sektor TenagaUSD/MT

Harga purata Arang BatuHarga penanda aras dalam tarif asas

87.5 -------------------

-------------------

-------------------

77.16 78.00

74.63

72.93

Harga penandaaras Arang Batuyang telah ditetapkanpada Jan ʼ14

GAS ASLI CECAIR

Harga sebenar yang dicaj oleh PETRONASHarga penanda aras dalam tarif asas

Jan ʻ14 Dis ʼ14

Harga Gas Asli Cecair Sektor TenagaRM/mmBTU

------------------

-----------------------

------------------

Harga penanda arasGas Asli Cecair yang telahditetapkan pada Jan ʼ14

41.68

46.02

47.65

48.77

46.04

Harga sebenar Gas Asli Cecair untuk 2014 adalah melebihi harga penanda aras.

HARGA MINYAK DANKESAN KEPADA TARIF ELEKTRIK

HARGA MINYAK DANKESAN KEPADA TARIF ELEKTRIK

Penjanaan elektrik di Malaysia banyak bergantung kepada gas asli berpaip, gas asli cecair (LNG) dan arang batu selain daripada hidro, dan tenaga boleh diperbaharui. Bahan api seperti gas dan arang batu digunakan khususnya untuk menjana stesen-stesen janaelektrik di seluruh negara.

Kawal Selia Berasaskan Insentif (IBR) yang diperkenalkan oleh Suruhanjaya Tenaga membolehkan pengguna mengetahui komponen-komponen di dalam tarif elektrik. Komponen utama biasanya melibatkan kos-kos bahan api dan penjanaan kerana elektrik memerlukan bahan api semula jadi untuk menjana tenaga ke seluruh negara dan dibekalkan kepada Pengguna Kuasa Besar (LPC), industri-industri, pusat-pusat komersil dan pengguna-pengguna domestik. Oleh kerana campuran bahan api ini, harga minyak tidak memberi kesan secara langsung kepada tarif elektrik.

Disebabkan pengukuhan USD berbanding Ringgit Malaysia, Sektor Tenaga perlu membayar lebih untuk kuantiti bahan api yang sama.

TUKARANWANG ASING

(Jan ʻ14)

RM berbanding USD

(Dis ʻ14)

RM3.14

RM3.57

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

13%

Jan ʻ14 Dis ʼ14

Gas Arang Batu Hidro Lain-lain

2% 3%Campuran Bahan Api

46%49%

setakat November 2014

distillates