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Accumulating slowly over time. Demand for electricity will continue to go up driven by all the DCs commissioned, in construction and industrial needs. Should be able to ride this for a long time. Just need to manage it well and wait for opportunity to add when the sentiment is weak.
I am not sure why the sudden conversation of biomass here, andrew. More to power generation but not data center. Data center will drive the demand for electricity and biomass is one of the few renewable energy sources apart from hydroelectric and solar.
TNB earning huge $ but Rakyat and SMEs struggling via the high pass through tariffs and 8% SST. Households usages will easily exceed 600kwh even with careful consumptions due to current El Niño weather until end of this year. PLCs businesses are also struggling due to high electricity tariff rates. Ripple effect on prices of goods, cost to businesses, consumer purchasing power, cost of living etc. can be very significant going forward due to the multiplier effects of pass through tariffs and 8% SST. Whereas in GST, input cost can be set off against output cost for manufacturers and there will not be cascading effects.