30-07-2025
Proceeds Of Import, Export Activities Of Electricity, Re To Benefit The People
BUSINESS
KUALA LUMPUR, July 30 (Bernama) -- The government is prepared to manage electricity import and export activities as well as renewable energy (RE) trading where the proceeds will be deposited into the Kumpulan Wang Industri Elektrik (KWIE) fund which will benefit the people.
Deputy Minister of Energy Transition and Water Transformation (PETRA) Akmal Nasrullah Mohd Nasir said the KWIE fund, regulated by the Energy Commission (EC), will be used to manage the impact of tariffs on the people.
Meanwhile, the proceeds from cross-border RE trading activities will be put into the Renewable Energy Fund which is used to support energy transition efforts and the development of the country's RE industry.
'Basically, all Malaysians benefit from the KWIE fund through the proceeds of electricity import and export activities,' he said when winding up the debate on the Electricity Supply (Amendment) Bill 2025 today.
The Dewan Rakyat session today approved the bill to amend the Electricity Supply Act 1990 (Act 447) with a verbal majority after being debated by 12 members.
According to Akmal Nasrullah, the cross-border electricity trading activities implemented by the government are based on the principle of selling surplus energy.
'Priority is given to the domestic electricity supply system in the event of any disruption or incident to the electricity supply.
'This measure will ensure that import and export activities do not disrupt the supply of electricity in Malaysia,' he said.
Earlier, when tabling the bill for the second reading, Akmal Nasrullah said the proposed amendment aimed to expand the scope of Act 447 to regulate the import and export of electricity.
