Page 2 - Net Offset Virtual Aggregation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

THE atmosphere in Malaysia’s once-boring solar power industry has completely changed in recent years. Between 2014 and 2019, solar is the only renewable energy (RE) source that has grown by a whopping 432% in installed capacity. The soaring appetite for solar power was thanks to conducive government policies such as tax incentives, apart from cheaper photovoltaic systems, that encouraged solar energy adoption across the commercial and residential sectors. The growth is further strengthened by the entry of non-power producers into the industry and the growing need for companies to boost thei...

KeTSA introduces three initiatives to encourage use of solar PV 29 Dec 2020 / 18:11 H. PUTRAJAYA: The Energy and Natural Resources Ministry (KeTSA) is introducing the Net Energy Metering (NEM) 3.0 programme to provide an opportunity for more users to install the solar photovoltaic (PV) systems on the roofs of their respective buildings for electricity bill reduction. Minister Datuk Dr Shamsul Anuar Nasarah ( pix) said NEM3.0 would offer a quota of 500 megawatts (MW) from 2021 to 2023. The NEM 3.0 programme involves three initiatives - Program NEM Rakyat, Program NEM GoMEn (Government Minis...

Energy and Natural Resources Minister Datuk Dr Shamsul Anuar Nasarah ( pic) said NEM 3.0, which will be in effect from 2021 to 2023, has three new initiatives - Program NEM Rakyat, Program NEM GoMEn and Program NOVA. Under Program NEM Rakyat, residential users who installed photovoltaic (PV) systems will enjoy an offset rate of “one-to-one” for a period of 10 years and they will practice the concept of self-consumption after the 10-year period ends. The one-to-one offset ratio means that one credit equals up to RM0.51 per kilowatt for domestic tariff. As an example, if one unit of energy ...