PUTRAJAYA: A new premium for Green Electricity Tariff (GET) will be introduced beginning August, says the Natural Resources, Environment and Climate Change Ministry.
Its minister Nik Nazmi Nik Ahmad said the rate, at 21.8 sen/kWh, was based on the cost of green electricity supplies at neighbouring countries offering the same services.
This would mark almost a six-fold increase from the previous tariff of 3.7 sen/kWh.
"It will come into effect beginning Aug 1," he told a press conference on Friday (July 14).
Nik Nazmi said the 30% quota previously allocated for GET usage per establishment would also be abolished.
In its place, consumers could now subscribe to up to 100% of their renewable energy requirements.
"The returns from the GET programme will be used to develop and increase the capacities of renewable energy sources in the context of national electricity supplies," he said.
Nik Nazmi said he hoped the initiatives would encourage consumers to partake in the programme.
"Subscriptions to green electricity supplies also enable better efforts towards supporting the transition towards renewable energy.
"This allows for increasing the capacity and developed complement of renewable energy sources in the national electricity supplies," he added.
Existing GET subscribers, he said, had up to July 31 to decide whether they intended to continue their subscription.
"Those who do not do so will have the service automatically terminated," he said, adding the consumers could inform Tenaga Nasional Berhad on their decision.
He added that consumers could enquire for more information on the programme with the nearest Tenaga Nasional Berhad outlets.
The GET was first introduced on Jan 1, 2022 as an opt in programme.
It provides domestic and industrial consumers in the peninsula with the option of using electricity generated from renewable energy sources such as hydropower and solar plants to reduce their carbon footprint.