Kuala Lumpur – In the PM’s speech to introduce the Malaysia Budget 2011 it has been annouced to introduce a Feed-in-Tariff (FiT) in order to support the development of the production of energy out of renewable sources. Supposedly in the 2nd quarter 2011 it will be possible for individuals and companies to produce electricity and feed it into the national grid. The Renewable Energy Act is defining the boundary conditions.
Currently the act is tabled in the parliament for dicussion, in this version sources of renewable energy are subsidised – the highest tariff is guaranteed for photovoltaic systems with up to MYR1.78 per kWh – for a runtime of 21 years. In order to keep the effect on the end-consumer prices as small as possible there has been incorporated an annual degression of the tariffs as well as an annual quota for renewable energy.
Posted by Dr. Klaus Brachetti, 17.10.2010
