# Malaysia Clarifies Electricity Tariff Reforms: No Excess Profits for TNB
*Author: Solar PV Expert | Category: news | Published: Wed Jun 10 2026 10:48:54 GMT+0000 (Coordinated Universal Time)*

### English
* **Strict Profit Regulation**: The Malaysian government confirmed that Tenaga Nasional Berhad (TNB) is subject to strict profit caps under the Incentive-Based Regulation (IBR) framework, maintaining a regulated rate of return of 7.3%—unchanged since 2018.
* **Consumer Protection**: Any profits exceeding the 7.3% threshold will be funneled back to the public through the Electricity Industry Fund (KWIE).
* **Tariff Restructuring**: Effective July 1, 2025, the new structure introduces an Automatic Fuel Adjustment (AFA), lowering the average maximum tariff to 48.64 sen/kWh, a 19% reduction from the previous average of 55.95 sen/kWh.
* **Investment Goals**: The current tariff framework supports essential infrastructure, including grid upgrades for the ASEAN Power Grid, smart meter deployment, and renewable energy integration.
* **Economic Contribution**: Between 2018 and 2023, TNB contributed RM15.75 billion in dividends to major investment funds like Khazanah Nasional, KWAP, and the EPF.

### 中文
* **严格利润监管**：马来西亚政府明确表示，国家能源公司（TNB）在激励性监管（IBR）框架下受到严格利润上限约束，其受监管的回报率保持在 7.3%，自 2018 年以来未曾改变。
* **消费者保障**：若利润超过 7.3% 的上限，超出部分将通过电力工业基金（KWIE）返还给消费者。
* **电费结构重组**：自 2025 年 7 月 1 日起，新机制引入自动燃料调整（AFA），将平均最高电费降至每千瓦时 48.64 森，较此前每千瓦时 55.95 森的平均水平降低了 19%。
* **投资目标**：现行电费架构旨在支持关键基础设施建设，包括东盟电网升级、智能电表部署以及可再生能源整合。
* **经济贡献**：2018 年至 2023 年间，TNB 向国库控股（Khazanah）、退休基金局（KWAP）及公积金局（EPF）等主要投资基金支付了 157.5 亿令吉的股息。