The Ministry of Natural Resources, Environment and Climate Change has recently announced that a new tariff for the Green Electricity Tariff (GET) is set at a rate of 21.8 sen/kWh and will take effect from 1 August 2023 onwards.
This means a six-fold increase from the previous rate of 3.7 sen/kWh.
Its minister Nik Nazmi Nik Ahmad said the decision was made based on the retail price benchmark of green electricity supply in neighbouring countries that offer the same product.He also stated that the existing GET premium rate of 3.7 sen/kWh will be maintained until 31 July.
“With this ruling, the government hopes that consumers will have greater confidence in the GET programme. This is because the process of offering and operating this program is based on the principle of a green electricity generation and supply system,” said minister Nik Nazmi.
He added that the GET subscription also provides added value in supporting the country’s energy transition efforts through the development and increase of new renewable energy capacity in the country’s electricity supplier.
There are also changes being made to the limit of the subscription quota. Currently, a consumer’s subscription to the GET Programme is capped to 30% of their average monthly electricity consumption. This cap is set to be removed, allowing consumers the option to subscribe up to 100% of their average monthly electricity consumption.
Consumers with existing subscriptions have the option to maintain, reduce or terminate their subscription by 31 July 2023.
Consumers who do not respond to Tenaga Nasional Berhad’s notification on the foregoing will be deemed as opting out, and their subscription will be terminated automatically on 31 July 2023.
