Renewable energy set at 21.8 sen per kWH

PUTRAJAYA: The new premium rate for the Green Electricity Tariff (GET) programme is set at 21.8 sen per kilowatt hour (kWh) starting Aug 1, said Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.

The GET premium rate was 3.7 sen/kWh from July 1 to 31.

Nik Nazmi said the new tariff was based on the benchmark for setting the retail price of green electricity supply.

"Taking into account that this move will increase the GET premium rate, existing customers are given until July 31 to reconfirm their subscriptions," he said, adding that Tenaga Nasional Bhd (TNB) would adjust the electricity bill for the users involved.

The GET initiative was introduced on Jan 1, 2022, to enable users with environmental, social and governance (ESG) commitments to reduce greenhouse gas emissions by getting their electricity from renewable energy (RE) sources.

Nik Nazmi said GET customers were not charged the Imbalance Cost Pass-Through as their electricity did not come from fossil fuels.

He also said the previous GET limit of 30 per cent of power needs had been abolished, and customers could now subscribe up to and not exceed 100 per cent of their energy needs from RE.

He added that for this year, the GET subscription offer that opened in February with a quota of 6,600 GigaWatts per hour (GWh) at a premium tariff rate of 3.7sen/kWh has been fully subscribed by 2,361 domestic, commercial and industrial users.

"The revenue collected from GET will be used to develop and increase the capacity of RE sources in the national electricity supply system." --Bernama

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