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  • GET Presentation Engagement Day 8 Aug 2023 Circulation

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    Sustainability PSSB
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    1) The Energy Commission is responsible for regulating Malaysia's energy sector, including electricity and piped gas supply. 2) Green Electricity Tariff (GET) allows consumers to subscribe to have a portion of their electricity consumption matched with renewable sources like large-scale solar and hydro. Consumers pay a green premium of 21.8 sen/kWh on top of standard tariff rates. 3) Subscribing to GET supports Malaysia's green agenda and sustainability initiatives while also allowing consumers to reduce their carbon emissions and receive Malaysia Renewable Energy Certificates to verify the green electricity purchase.

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    GET Presentation Engagement Day 8 Aug 2023 Circulation (1)

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    1) The Energy Commission is responsible for regulating Malaysia's energy sector, including electricity and piped gas supply. 2) Green Electricity Tariff (GET) allows consumers to subscribe to have a portion of their electricity consumption matched with renewable sources like large-scale solar and hydro. Consumers pay a green premium of 21.8 sen/kWh on top of standard tariff rates. 3) Subscribing to GET supports Malaysia's green agenda and sustainability initiatives while also allowing consumers to reduce their carbon emissions and receive Malaysia Renewable Energy Certificates to verify the green electricity purchase.

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    3 views11 pages

    GET Presentation Engagement Day 8 Aug 2023 Circulation

    Uploaded by

    Sustainability PSSB
    1) The Energy Commission is responsible for regulating Malaysia's energy sector, including electricity and piped gas supply. 2) Green Electricity Tariff (GET) allows consumers to subscribe to have a portion of their electricity consumption matched with renewable sources like large-scale solar and hydro. Consumers pay a green premium of 21.8 sen/kWh on top of standard tariff rates. 3) Subscribing to GET supports Malaysia's green agenda and sustainability initiatives while also allowing consumers to reduce their carbon emissions and receive Malaysia Renewable Energy Certificates to verify the green electricity purchase.

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    © All Rights Reserved
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    of 11

    ENGAGEMENT DAY!!

    8th AUGUST 2023


    Overview of the Energy Commission
    The Energy Commission (ST) is responsible for regulating the energy sector, specifically
    the electricity and piped gas supply industries, in Peninsular Malaysia and Sabah
    The roles of the Energy Commission: 01

    Economic Technical
    Regulation Regulation

    03 02

    Safety
    Regulation
    2
    What is Green Electricity Tariff (GET)?

    3
    How does GET work?
    Subscription Period:
    • Open for new applicants on
    Subscribe from a minimum of 11 August 2023 from
    Standard tariff rates as per one (1) block and up to 100% 11.00 a.m to 5.00 p.m.
    Tariff Schedule applies for of your average monthly • GET Consumer is not
    your total monthly consumption. electricity consumption allowed to increase, reduce
    or terminate the GET
    subscription during
    subscription period.
    • GET subscription from 1
    Green Premium Subscription August 2023 until 31
    Rate of 21.8sen/kWh December 2023
    (For total green electricity
    consumed)

    *Terms & conditions apply

    4
    GET benefits?

    5
    Malaysia Renewable Energy Certificate (mREC)
    1 Reduce the emission from the purchase of electricity under GHG
    Protocol Scope 2
    • For every mREC purchased, 1MWh of electricity purchased from
    the grid can be exempted from the calculation at the emission
    factor of 0.78 tonnes CO2 per MWh*
    xxx • Organization can completely zeroize the emission by matching
    their metered consumption with the purchase of mREC

    2
    Quality and credible green electricity assured under mREC
    • mREC is certified by the I-REC standard which is acceptable
    xx internationally and recognized by the RE100
    x • The source of mREC is from the RE generators (i.e. LSS and hydro)
    connected to the national grid that makes the claim more credible
    as compared to off-grid
    3 Supporting the green and sustainable agenda
    • The proceeds of GET is to be ploughed back for more
    sustainability initiatives hence contributing to the national green
    agenda
    xxx
    • Purchasing GET can be part of the organization’s Corporate
    Social Responsibility (CSR) in lowering national carbon footprint

    6
    *as referenced to latest info by ST at https://meih.st.gov.my/
    mREC redemption statement info

    1 Company Name 7 mREC Certificate


    Info
    2 Amount of RECs in xxx
    • Exact RE Generator
    MWh Name
    • Country of Origin
    3 Company Address • Energy Source Type
    • Technology Type
    • Issuer
    4 Period of
    Redemption xxx

    5 Emissions Offset

    QR Code
    6 Verification at I-REC
    xxx
    Platform

    7
    COMPONENTS INVOLVED IN DETERMINING THE GREEN ELECTRICITY TARIFF (GET) PREMIUM CHARGE:

    Green energy procurement costs

    Consideration on electricity tariff framework

    Supply & demand for green energy

    21.8sen/kWh
    Benchmarking with neighbouring countries

    Balancing of RE intermittency costs

    Renewable Energy Certificate (REC) Costs

    8 8
    Subscribe GET to convert electricity consumption to Green Energy

    9
    Guidelines on GET
    Scan Here!

    10
    THANK YOU!

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