Malaysia Malaysia launches green energy tariff (GET) program to accelerate renewable energy supply

On November 23, 2021, Malaysia Ministry of Energy and Natural Resources (KeTSA) launched the Green Energy Tariff (GET) Program to supply electricity generated from renewable energy sources to consumers who want to reduce their carbon footprint. Users of the GET Program will be supplied with electricity from solar plants or hydroelectric power plants. Users will also receive a Malaysia Renewable Energy Certificate (mREC), which is operated by an international body for certification of renewable energy certificates (I-REC: International Renewable Energy Certificate). KeTSA has started accepting applications for GET Program since December 1, and the supply of electricity to the users will start on January 1, 2022. With the start of this Program, the myGreen+ Program, which was introduced in 2020 to supply electricity from renewable energy sources will be terminated.

Green Electricity Tariff (GET) Program

The GET Program will provide a total of 4,500 GWh of electricity from renewable energy sources per year. This amount is equivalent to electricity consumed by 600,000 households in Peninsular Malaysia for one month between 2022 and 2024. GET users will be charged a surcharge of 3.7 sen (approx. 0.88 USD) per kWh. The collected surcharges will be used to support the implementation of the country’s renewable energy development agenda and initiatives.

“GET is designed to support the ESG efforts of business entities, investors and other organizations that operate business in Malaysia,” KeTSA said. In particular, it is expected to attract RE100 member companies, which have committed to switch to 100% renewable energy sources to power their operations.

As a leader in this initiative, KeTSA has committed to join GET itself and to source 31% of its electricity supply needs from renewable sources. The Energy Commission, Sustainable Energy Development Authority of Malaysia (SEDA) and MyPOWER Corporation have also committed to join GET to achieve 100% renewable energy. At the GET launch ceremony, nine major Malaysian companies, listed below, pledged to get their electricity supply from renewable energy sources through the GET program.

  1. CIMB Bank Berhad
  2. Dutch Lady Milk Industries Berhad
  3. Gamuda Berhad
  4. HSBC Amanah Malaysia Berhad
  5. MCIS Insurance Berhad
  6. Nestlé (Malaysia) Berhad
  7. Opensys (Malaysia) Berhad
  8. Tenaga Nasional Berhad
  9. Zurich General Insurance Malaysia Berhad

Applications for GET Program can be made on the website of Tenaga Nasional Berhad, a state-owned electricity company.

 

KeTSA’s media release on the GET Program can be viewed at:
https://www.ketsa.gov.my/ms-my/pustakamedia/KenyataanMedia/Siaran%20Media%20Pelancaran%20Program%20Green%20Electricity%20Tariff%20(GET)%20bagi%20menggalakkan%20Penggunaan%20Bekalan%20Elektrik%20daripada%20Sumber%20Tenaga%20Boleh%20Baharu.pdf