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Sarawak Energy Berhad is the state owned electric utility company of the State of Sarawak. It is one of Malaysia's three electrical companies, the other two being Tenaga Nasional serving Peninsular Malaysia , and Sabah Electricity which serves the state of Sabah and territory of Labuan .
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There are two other electrical grids in Sabah and Sarawak operated by Sabah Electricity Sdn Bhd (SESB) and Sarawak Energy Berhad (SEB). The system spans the whole of Peninsular Malaysia, transporting electricity in bulk from power generators owned by TNB and Independent Power Producers (IPPs) to distributors.
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On 8 May 2020, Petronas agreed to pay RM 2 billion in petroleum products sales tax to Sarawak with a condition that the tax will be lowered on a staggered basis in the future. Besides, both parties also agreed that the Petroleum Development Act 1974 is valid with Petronas as the sole regulator of oil and gas industry in Malaysia. [ 48 ]