Note:
1. ACP: Applicable Coal Price
2. GCIN: globalCoal Newcastle
3. Forecast as of 30 January 2026
About Generation Tariff
Base Generation Costs include variable components in the Base Tariff where it is subjected to the:
Global fuel price movements
(e.g. coal and gas)
Foreign currency fluctuations
(e.g. USD and RM)
These two factors are subjected to market movement which require an adjustment mechanism to reflect the volatility.
Base Generation Charge and Fuel Prices Approved by the Government
Regulatory Period 4
(2025 - 2027)
Base Generation Charge : 34.42 sen/kWh
Base Fuel Prices.
Coal : 97.00 USD/MT
@ 4.307 RM/USD
Gas: Tier 1 (RMP) : 35.00 RM/mmBTU
(<800mmscfd)
Tier 2 (13% Brent) : 46.00 RM/mmBTU
(>800mmscfd)
Regulatory Period 3
(2022 - 2024)
Base Generation Charge: 26.20 sen/kWh
Base Fuel Prices.
Coal: 79.00 USD/MT
@ 4.123 RM/USD
Gas: Tier 1 (RMP) : 26.00 RM/mmBTU
(<800mmscfd)
Tier 2 (RMP) : 33.00 RM/mmBTU
(>800mmscfd)
Regulatory Period 2 Extension
(2021)
Base Generation Charge : 27.05 sen/kWh
Base Fuel Prices.
Coal: 67.45 USD/MT
@ 4.212 RM/USD
Gas: RMP 27.20 RM/mmBTU
Regulatory Period 2
(2018 - 2020)
Base Generation Charge : 27.05 sen/kWh
Base Fuel Prices.
Coal : 75.00 USD/MT
@ 4.212 RM/USD
Gas : Regulated (in RM/mmBTU)
Jan - Jun ‘18 : 24.20
Jun - Dec ‘18 : 25.70
Jan ‘19 - Dec ‘20 : 27.20
Regulatory Period 1
(2014-2017)
Base Generation Charge : 26.76 sen/kWh
Base Fuel Prices.
Coal : 87.50 USD/MT
@ 3.1 RM/USD
Gas : LNG : 41.68 RM/mmBTU
Regulated : 15.20 RM/mmBTU
The Automatic Fuel Adjustment (AFA) mechanism is expected to better manage the fuel price volatility
AFA mechanism promotes more transparency, cost-reflective, cost-efficient and reduce the timing gap in fuel price and foreign currency exchange.
Learn more about AFA FAQ, click here
Monthly fuel adjustment to better reflect current fuel prices
Coal
Forex Trending
Gas
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