NEM3.0 : Malaysia's NEM scheme update
Under the net energy metering program (NEM), the government has announced an additional 400MW quota for the home, commercial, and industrial (C&I) segments, which will be in effect from February 5 to December 31, 2024.
The announcement by the government of an extra 400MW quota for the net energy metering (NEM) program offers a substantial chance for individuals, businesses, and industrial players in taking advantage to adopt renewable energy sources. Here's more information on the updated NEM scheme.
Finally, your choice to adopt NEM is a commitment to a brighter, greener tomorrow. Let us collaboratively power our future with clean, renewable energy and leave a legacy that will benefit future generations. The moment is now, and the power is yours.
Reducing Operational Costs: Long-term cost savings of generating renewable energy on-site, which reduces dependency on traditional energy sources and protects businesses from uncertain energy price.
Energy Efficiency: To optimize the effects of solar systems, encourage energy-efficient equipment and behaviors within homes.
Financial Incentives: By acquiring the NEM quota, you gain the right to export excess energy, which can be used to offset consumption in the following months under the NEM scheme. The credit system allows for a maximum rollover period of 12 months for household segment and 1 month for commercial and industrial. After this period, all remaining credits will be terminated. This is why a well-designed solar PV system is necessary to avoid any losses.
Installing Solar Panels: You are encouraged to put solar panels on your rooftops or other accessible areas. This lowers power costs and promotes environmental sustainability.
1. Household Segment (NEM Rakyat - 100MW)
2. Commercial and Industrial Segment (NEM Nova - 300MW)
From the previous year, this is the additional quota for each category:
Source: Ministry of Energy Transition and Public Utilities
Deputy Prime Minister Datuk Seri Fadillah Yusof. -- BERNAMA Filepic