PUTRAJAYA – The new premium rate for the Green Electricity Tariff (GET) programme is set at 21.8 sen per kilowatt hour (kWh) starting August 1, said Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.
The current GET premium rate is 3.7 sen/kWh for the period of July 1 to 31.
Nik Nazmi said the decision on the new tariff was based on the benchmark for setting the retail price of green electricity supply.
“Taking into account that this move will involve an increase to the current GET premium rate, the existing customers are given until July 31 to reconfirm their subscriptions,” he said, adding that Tenaga Nasional Bhd will make adjustments to the electricity bill for the users involved.
The GET initiative was introduced on January 1, 2022, to enable users with environmental, social, and governance commitments to reduce greenhouse gas emissions through subscribing to electricity from renewable energy sources.
Nik Nazmi said GET customers are not charged the imbalance cost pass-through as it does not involve the use of fossil fuels.
He also said that the previous 30% GET subscription quota limit has been abolished, and customers can now subscribe up to and not exceed 100% of their energy needs.
He added that for this year, the GET subscription offer that opened in February with a total quota of 6,600 GigaWatts per hour at a premium tariff rate of 3.7 sen/kWh has been fully subscribed by 2,361 domestic, commercial, and industrial users.
“The revenue collected from the implementation of GET will be used for the purpose of developing and increasing the new capacity of renewable energy sources in the national electricity supply system,” he said. – Bernama, July 14, 2023
