The government intends to provide sustainable, reliable and
affordable solar energy for Malaysians through new policies beginning Jan 1,
2019, such as the New Net Energy Metering (NEM) Scheme and Supply Agreement for
Renewable Energy (SARE), says Energy, Science, Technology, Environment and
Climate Change Minister Yeo Bee Yin.
“I hope our solar players will not only share the solar
solutions pie in Malaysia but become market leaders by providing solar
solutions to other countries in Asean,” Yeo said at a recent dialogue session
with solar photovoltaic industry players organised by Seda Malaysia, the Energy
Commission and Tenaga Nasional Bhd (TNB).
In a statement today, the Sustainable Energy Development
Authority (Seda) Malaysia said the new policies were introduced to create a
fertile ground to grow the solar industry by opening the market and
subsequently push the local players to become regional solutions providers.
The NEM scheme will upgrade from the net billing concept to
the pure net energy metering scheme that will be applicable only to Peninsular
Malaysia for registered TNB customers.
“Under the existing net billing (scheme), excess electricity
is sold to TNB at displaced cost of 31 sen per kWh, but under the new scheme,
monthly electricity bill will be consumption (from TNB) minus generation (from
solar) multiply with the retail electricity tariff.
“This will result in additional electricity savings per
month and will help the return of investment in PV systems,” Seda said.
The development authority added that other changes in the
new NEM and SARE included purchase mode, and new policy and requirements for
foreign investors.
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