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SEDA OPEN DAY 2018: TOWARDS A FUTURE OF SUSTAINABLE ENERGY
 

Penang, Thursday (8th November 2018) –The new Government intends to scale up the renewables in the national power mix from the current 4% to 20% by 2025, excluding large hydro. Based on this aspiration, the Sustainable Energy Development Authority (SEDA) Malaysia, an agency under the Ministry of Energy, Science, Technology, Environment and Climate Change is tasked to champion energy transition in the country. Today, SEDA has organised this Open Day to provide latest updates on renewable energy and energy efficiency held at G Hotel this morning. The Open Day was graced by YBhg. Tan Sri Dato' Academician (Dr.) Ts. Ahmad Zaidee bin Laidin, an Authority Member of SEDA accompanied by the Acting CEO of SEDA, Ts Dr Wei-nee Chen. The following are highlights of the Open Day:

1. Improved Net Energy Metering mechanism of “one-on-one” calculation

Effective 1st January 2019, net energy metering will no longer be based on net billing concept but on pure net energy metering. Under the existing net billing, excess electricity is sold to TNB at displaced cost (31 sen per kWh) but under the new scheme, monthly electricity bill will be consumption (from TNB) minus generation (from solar) multiply with retail electricity tariff. This will result in additional electricity savings per month and will help in return of investment in solar photovoltaic (PV) system.

 

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