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Govt launches Green Electricity Tariff for renewable energy subscription, replaces myGreen+

Govt launches Green Electricity Tariff for renewable energy subscription, replaces myGreen+

23 Nov 2021

The government has launched the Green Electricity Tariff (GET) to allow subscribers to use electricity generated from renewable energy sources to reduce their carbon footprint.

The initiative underlines some 4,500 gigawatt hour of electricity from renewable energy (RE) sources per annum, said the Ministry of Energy and Natural Resources in a statement.

“GET subscribers will be charged an additional payment of 3.7 sen per kilowatt hour of RE bought through the programme.

“They will also receive a certificate from the Malaysia Renewable Energy Certificates (mREC) which is registered with international certification bodies to certify that the electricity supply is from RE sources,” the ministry said.

“Proceeds from the GET sale will be used to support the nation’s RE development initiatives and agenda,” it added.

The ministry said that with the new programme, the myGreen+ programme introduced in 2021 will be ended. The myGreen+ programme provided a subscription of 100 kWh blocks of electricity from RE at eight sen/kWh.

At GET’s launch on Tuesday (Nov 23), nine companies gave their undertaking to procure electricity from RE sources under the GET programme, namely CIMB Bank Bhd, Dutch Lady Milk Industries Bhd, Gamuda Bhd, Nestle (M) Bhd, Opensys (M) Bhd, Tenaga Nasional Bhd, HSBC Amanah Malaysia Bhd, MCIS Insurance Bhd, and Zurich General Insurance M Bhd.

The energy ministry has also committed to subscribe to GET for 31% of the electricity requirement at Wisma Sumber Asli in Putrajaya, the statement said.

Three of the ministry’s agencies have also committed to procuring 100% of their electricity requirement from GET, namely the Energy Commission, Sustainable Energy Development Authority Malaysia (SEDA), and MyPOWER Corp.

Subscription to GET is open from Dec 1, and the programme will begin to channel RE electricity supply from Jan 1.

“Users interested to subscribe to GET can apply via the official website or branches of Tenaga Nasional Bhd,” the energy ministry said.

Source: The Edge Markets

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