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M’sians to Enjoy Cheaper Electricity With Solar Panel Plans Starting Next Year

Here’s one new thing we can be proud of our country and that is our government is making easier for rakyat to go green while rewarding us with great incentives!

Yesterday (Oct 23), Energy, Science, Environment and Climate Change Minister Yeo Bee Yin announced that every household and commercial premise that uses solar power would be paid the same price for every KiloWatt per hour (pkwh) they generate and sell back to Tenaga Nasional Bhd (TNB) starting next year, The Edge reported.

Currently, solar power users are selling 31 sens pkwh to TNB but they buy the electricity at 50 sens pkwh. Yeo described the “displaced cost” would be levelled under the revised net energy metering (NEM) programme and these users would see a drop in price in their electric bills. Oh yes! 

Source: The Star

“From Jan 1, 2019, there will be no more differences in the selling and purchasing prices of electricity.

“TNB’s bill calculation will be on (a) one-on-one (basis), where the bill will be equal to the clean consumption rate, which is consumption minus generation times the tariff,” said Yeo.

That’s one of the two policies the minister announced yesterday and the second one would be music to your ears. According to The Star, Yeo said there would soon be a breakthrough “solar leasing” concept which would allow households to install solar panels on their premises without upfront payment and see their electric bills reduce depending the size of the roof or area to be fitted with the solar panel.

Source: The Star

“With this policy, users can enjoy zero upfront cost to instal photovoltaic (PV) panels, and payment for the monthly leasing fee or solar energy usage can be made to the solar company involved via TNB bills,” announced Yeo, which is something similar to purchasing handphones from telcos, she explained.

These lessees could repay to the solar power company through TNB bills, the Bakri MP said all these when answering a question raised by Ahmad Fadhli Shaari (PAS-Pasir Mas).

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