Nowadays, many people have changed their lifestyle to cope with the changing demands of the world. This includes our diet, lifestyle and also the way we use our electricity.
Solar energy is becoming more popular among Malaysians due to its many benefits. One of the benefits of solar panels is Net Energy Metering in Malaysia.
What is Net Energy Metering? Read this article to find out more.
What Is Net Energy Metering (NEM)?
NEM in Malaysia is a mechanism that allows a customer who is using a solar system for their use to save money.
This is because the excess energy that their solar panel system generates will provide a credit against the electricity that is consumed in the household.
The additional energy will be exported back to the grid.
The Concept of NEM Malaysia
The concept of NEM in Malaysia as mentioned earlier is that the energy which will be generated by the solar system will be consumed first.
The excess energy will then be exported to Tenaga Nasional Berhad (TNB) credit.
NEM in Malaysia is not only available to those who use it in their homes but is also applicable for all commercial, industrial and agricultural sectors as long as they are the customers of TNB.
Benefits of NEM Malaysia
There are several benefits of Net Energy Metering. Here are some of the benefits that you could enjoy from NEM:
- Helps to hedge against fluctuation or increase in electricity tariff
- Reduces electricity bills
- Encourages customers to move towards renewable energy
- Benefit for the environment
- Take some pressure off electric grids
- Preserves natural energy resources
These are all very good benefits that customers of TNB can enjoy under NEM in Malaysia.
How Much Can You Save By Going Solar?
In this section, we will give you an example of how much you could save if you have a solar system in your house.
For this example, we took a semi-detached house with an average electricity bill of RM300 per month.
The results were staggering. This is for the house under the proposed installed capacity of 4.25kWp.
Under these terms, from RM300, you would only have to pay RM77 after Net Energy Metering. That will bring your monthly savings to RM223.
This is for only one month, if you have the system all year round, you would easily exceed RM2000 in savings.
How To Apply?
You can apply for Net Energy Metering at the Sustainable Energy Development Authority of Malaysia’s website.
All you have to do is make an account to register.
In addition, SEDA Malaysia’s website informs that existing NEM consumers have been able to update their project profile and system capacity ever since 10th April 2019.
So, if you haven’t, you should go ahead. The applicated updates that are allowed are as below:
- Amendment to the particulars in eNEM application information;
- Amendment to the uploaded supporting documents;
- Application for an increase in installed capacity;
- Application for a reduction in installed capacity; and
- Application for an Extension of Time (EoT) for NEM Commencement Date (a maximum of 12 months from the date of the NEM approval).
Below are the fees that are required if you want to update your application.
In addition, SEDA states that the hardcopy of supporting documents for the NEM Commencement Date verification below is no longer required starting from 29th April 2019.
However, you will have to upload the relevant documents to ensure that your NEM Project is successful. Here are the documents that are required:
In conclusion, NEM in Malaysia is a great initiative to encourage more people to move to solar panels. It can save a lot of money and also benefits the environment.
Due to the great benefits of enjoying NEM in Malaysia, you should consider using solar panels. The perfect company for you is Progressive Impact Technology Sdn Bhd (PITECH).
(PITECH) is a Malaysian company that focuses on areas such as Solar Solution and Substation Automation. PITECH’s solar power interconnection renewable energy offers:
• Remote Terminal Unit
• Switch gear
• Control Relay Panel
• Cable & Fibre Interconnection
• Power Plant Controller
• Scada System
This will allow you to have the best solar panel according to your needs and requirements.
If you want to read more on solar panels, you can click here.
If you have any inquiries or questions regarding their products and services, you may contact PITECH right away.