Latest news with #GreenElectricityTariff
The Star
5 days ago
- Business
- The Star
Renewable Energy Fund charge lifted for green initiatives
PUTRAJAYA: The government will exempt the 1.6% Renewable Energy Fund charge on electricity tariffs under renewable energy programmes effective Aug 1. This was disclosed by the Energy Transition and Water Transformation Ministry yesterday. The exemption covers the Green Electricity Tariff initiative, Corporate Renewable Energy Supply Scheme and Community Renewable Energy Aggregation Mechanism. The ministry said the measure aligned with the government's goal to accelerate the development and integration of renewable energy into the national electricity supply. 'With this exemption and related enhancements, the ministry hopes to incentivise users, particularly corporations and industries, to continue supporting the national energy transition agenda towards achieving a 70% renewable energy mix in electricity supply by 2050,' the ministry said yesterday, Bernama reported. The move was also expected to spur more positive growth in the renewable energy industry. The ministry said the 1.6% charge on electricity tariffs, introduced in 2011, was to fund the growth of renewable energy through the Feed-in Tariff (FiT) mechanism implemented by the Sustainable Energy Development Authority. 'Since the introduction of the FiT mechanism, the distributed renewable energy capacity in the national power supply system, particularly from solar sources, has grown significantly, from just 5 megawatts (MW) in 2011 to 5,100 MW,' the ministry said. FiT also boosted electricity generation from biogas, biomass and small hydropower sources, which now collectively contribute 855 MW to the national supply. The ministry said following the implementation of the new electricity tariff structure on July 1, the government reviewed existing renewable energy programmes and resolved to further promote renewable energy among electricity users.
New Straits Times
6 days ago
- Business
- New Straits Times
Govt exempts renewable energy fund charge from Aug 1
PUTRAJAYA: The government will exempt the 1.6 per cent Renewable Energy Fund (KWTBB) charge on electricity tariffs under renewable energy programmes effective Aug 1, said the Energy Transition and Water Transformation Ministry. The exemption covers the Green Electricity Tariff (Get) initiative, Corporate Renewable Energy Supply Scheme (Cress) and Community Renewable Energy Aggregation Mechanism (Cream). The Energy Transition and Water Transformation Ministry said the measure aligned with the government's goal to accelerate the development and integration of renewable energy into the national electricity supply. "With this exemption and related enhancements, the Energy Transition and Water Transformation Ministry hopes to incentivise users, particularly corporates and industries, to continue supporting the country's energy transition agenda towards achieving a 70 per cent renewable energy mix in electricity supply by 2050," the statement read. The Energy Transition and Water Transformation Ministry added that the move was also expected to spur more progressive and positive growth in the renewable energy industry. It said the 1.6 per cent charge on electricity tariffs, introduced in 2011, was established to fund the growth of renewable energy in Malaysia through the Feed-in Tariff (FiT) mechanism implemented by the Sustainable Energy Development Authority (Seda) Malaysia. "Since the introduction of the FiT mechanism, the distributed renewable energy capacity in the national power supply system, particularly from solar sources, has grown significantly, from just 5 megawatts (MW) in 2011 to 5,100 MW," the ministry said. FiT has also boosted electricity generation from biogas, biomass, and small hydropower sources, which now collectively contribute 855 MW to the national supply, it added. It said that following the implementation of the new electricity tariff structure on July 1, the government reviewed existing renewable energy programmes and resolved to further promote the adoption of renewable energy among electricity users.
The Sun
6 days ago
- Business
- The Sun
Govt waives KWTBB charge from Aug 1 to boost renewable energy
PUTRAJAYA: The government will exempt the 1.6 percent Renewable Energy Fund (KWTBB) charge on electricity tariffs under renewable energy programmes effective Aug 1, the Ministry of Energy Transition and Water Transformation (PETRA) announced. The exemption covers the Green Electricity Tariff (GET) initiative, Corporate Renewable Energy Supply Scheme (CRESS) and Community Renewable Energy Aggregation Mechanism (CREAM). PETRA stated that the measure aligns with the government's goal to accelerate the development and integration of renewable energy into the national electricity supply. 'With this exemption and related enhancements, PETRA hopes to incentivise users, particularly corporates and industries, to continue supporting the country's energy transition agenda towards achieving a 70 percent renewable energy mix in electricity supply by 2050,' the statement read. PETRA added that the move is also expected to spur more progressive and positive growth in the renewable energy industry. PETRA said the 1.6 percent charge on electricity tariffs, introduced in 2011, was established to fund the growth of renewable energy in Malaysia through the Feed-in Tariff (FiT) mechanism implemented by the Sustainable Energy Development Authority (SEDA) Malaysia. 'Since the introduction of the FiT mechanism, the distributed renewable energy capacity in the national power supply system, particularly from solar sources, has grown significantly, from just 5 megawatts (MW) in 2011 to 5,100 MW,' the ministry said. FiT has also boosted electricity generation from biogas, biomass, and small hydropower sources, which now collectively contribute 855 MW to the national supply, PETRA added. It said that following the implementation of the new electricity tariff structure on July 1, the government reviewed existing renewable energy programmes and resolved to further promote the adoption of renewable energy among electricity users. - Bernama
Barnama
6 days ago
- Business
- Barnama
Govt Waives KWTBB Charge Effective Aug 1 To Boost Renewable Energy Industry
PUTRAJAYA, July 24 (Bernama) -- The government will exempt the 1.6 percent Renewable Energy Fund (KWTBB) charge on electricity tariffs under renewable energy programmes effective Aug 1, the Ministry of Energy Transition and Water Transformation (PETRA) announced. The exemption covers the Green Electricity Tariff (GET) initiative, Corporate Renewable Energy Supply Scheme (CRESS) and Community Renewable Energy Aggregation Mechanism (CREAM). PETRA stated that the measure aligns with the government's goal to accelerate the development and integration of renewable energy into the national electricity supply. 'With this exemption and related enhancements, PETRA hopes to incentivise users, particularly corporates and industries, to continue supporting the country's energy transition agenda towards achieving a 70 percent renewable energy mix in electricity supply by 2050,' the statement read. PETRA added that the move is also expected to spur more progressive and positive growth in the renewable energy industry. PETRA said the 1.6 percent charge on electricity tariffs, introduced in 2011, was established to fund the growth of renewable energy in Malaysia through the Feed-in Tariff (FiT) mechanism implemented by the Sustainable Energy Development Authority (SEDA) Malaysia. "Since the introduction of the FiT mechanism, the distributed renewable energy capacity in the national power supply system, particularly from solar sources, has grown significantly, from just 5 megawatts (MW) in 2011 to 5,100 MW," the ministry said. FiT has also boosted electricity generation from biogas, biomass, and small hydropower sources, which now collectively contribute 855 MW to the national supply, PETRA added. It said that following the implementation of the new electricity tariff structure on July 1, the government reviewed existing renewable energy programmes and resolved to further promote the adoption of renewable energy among electricity users.
The Sun
02-07-2025
- Business
- The Sun
Green electricity tariff programme continues with new pricing structure
PUTRAJAYA: The Green Electricity Tariff (GET) programme will continue this year with a revised pricing structure following the implementation of the new electricity tariff schedule effective July 1. The Ministry of Energy Transition and Water Transformation (PETRA) announced the changes, including a simplified single-tier premium rate with reductions of up to 80 per cent. Under the new structure, domestic and non-domestic users will pay a premium rate of five sen per kilowatt-hour (kWh) for one year, four sen per kWh for two years, and three sen per kWh for three years. PETRA stated that GET subscribers previously exempt from the Imbalance Cost Pass-Through (ICPT) will remain unaffected by the new Automatic Fuel Adjustment (AFA) mechanism. To accommodate existing customers, PETRA allows GET users to terminate their subscriptions without penalty until Aug 31. The ministry also introduced the Greenpath Programme, designed for data centres, industrial, and commercial users seeking recognition for green energy consumption via Renewable Energy Certificates (REC). Tenaga Nasional Bhd (TNB) will manage the Greenpath Programme, with subscriptions opening on Aug 1. Criteria include registering tenant accounts for REC allocation, matching RECs to billed green electricity, and a 0.2 sen per kWh administrative fee. PETRA encourages users to renew or subscribe to GET via TNB's website or Kedai Tenaga outlets. 'The improvements to the GET programme aim to provide certainty for corporate and industrial users while enhancing its credibility,' PETRA said. Launched in 2021, the GET programme has supplied 10,500 gigawatt-hours (GWh) of green electricity to over 3,551 users, supporting Malaysia's renewable energy transition.
