Latest news with #PETRA
The Sun
7 hours ago
- Business
- The Sun
Govt waives KWTBB charge from Aug 1 to boost renewable energy
PUTRAJAYA: The government will exempt the 1.6 percent Renewable Energy Fund (KWTBB) charge on electricity tariffs under renewable energy programmes effective Aug 1, the Ministry of Energy Transition and Water Transformation (PETRA) announced. The exemption covers the Green Electricity Tariff (GET) initiative, Corporate Renewable Energy Supply Scheme (CRESS) and Community Renewable Energy Aggregation Mechanism (CREAM). PETRA stated that the measure aligns with the government's goal to accelerate the development and integration of renewable energy into the national electricity supply. 'With this exemption and related enhancements, PETRA hopes to incentivise users, particularly corporates and industries, to continue supporting the country's energy transition agenda towards achieving a 70 percent renewable energy mix in electricity supply by 2050,' the statement read. PETRA added that the move is also expected to spur more progressive and positive growth in the renewable energy industry. PETRA said the 1.6 percent charge on electricity tariffs, introduced in 2011, was established to fund the growth of renewable energy in Malaysia through the Feed-in Tariff (FiT) mechanism implemented by the Sustainable Energy Development Authority (SEDA) Malaysia. 'Since the introduction of the FiT mechanism, the distributed renewable energy capacity in the national power supply system, particularly from solar sources, has grown significantly, from just 5 megawatts (MW) in 2011 to 5,100 MW,' the ministry said. FiT has also boosted electricity generation from biogas, biomass, and small hydropower sources, which now collectively contribute 855 MW to the national supply, PETRA added. It said that following the implementation of the new electricity tariff structure on July 1, the government reviewed existing renewable energy programmes and resolved to further promote the adoption of renewable energy among electricity users. - Bernama
Barnama
8 hours ago
- Business
- Barnama
Govt Waives KWTBB Charge Effective Aug 1 To Boost Renewable Energy Industry
PUTRAJAYA, July 24 (Bernama) -- The government will exempt the 1.6 percent Renewable Energy Fund (KWTBB) charge on electricity tariffs under renewable energy programmes effective Aug 1, the Ministry of Energy Transition and Water Transformation (PETRA) announced. The exemption covers the Green Electricity Tariff (GET) initiative, Corporate Renewable Energy Supply Scheme (CRESS) and Community Renewable Energy Aggregation Mechanism (CREAM). PETRA stated that the measure aligns with the government's goal to accelerate the development and integration of renewable energy into the national electricity supply. 'With this exemption and related enhancements, PETRA hopes to incentivise users, particularly corporates and industries, to continue supporting the country's energy transition agenda towards achieving a 70 percent renewable energy mix in electricity supply by 2050,' the statement read. PETRA added that the move is also expected to spur more progressive and positive growth in the renewable energy industry. PETRA said the 1.6 percent charge on electricity tariffs, introduced in 2011, was established to fund the growth of renewable energy in Malaysia through the Feed-in Tariff (FiT) mechanism implemented by the Sustainable Energy Development Authority (SEDA) Malaysia. "Since the introduction of the FiT mechanism, the distributed renewable energy capacity in the national power supply system, particularly from solar sources, has grown significantly, from just 5 megawatts (MW) in 2011 to 5,100 MW," the ministry said. FiT has also boosted electricity generation from biogas, biomass, and small hydropower sources, which now collectively contribute 855 MW to the national supply, PETRA added. It said that following the implementation of the new electricity tariff structure on July 1, the government reviewed existing renewable energy programmes and resolved to further promote the adoption of renewable energy among electricity users.
The Sun
a day ago
- Business
- The Sun
Malaysia ensures welfare protection amid fuel price fluctuations
KUALA LUMPUR: The government has assured that the welfare and well-being of the people will continue to be protected and will not be directly impacted by any sudden changes in electricity bills resulting from fluctuations in fuel prices. Deputy Prime Minister Datuk Seri Fadillah Yusof said this is because the Ministry of Energy Transition and Water Transformation (PETRA) has set a threshold that requires the minister's approval for any changes to the Automatic Fuel Adjustment (AFA) rate if the basic energy charge and projected energy costs for the coming month rise by more than 10 per cent compared to the current month. 'This is a proactive measure by the government to ensure continued protection for electricity consumers,' he said during a question-and-answer session at the Dewan Rakyat today. He was responding to a question from Datuk Seri Takiyuddin Hassan (PN-Kota Bharu), who sought clarification on how the new Tenaga Nasional Berhad (TNB) electricity billing structure would ensure cost fairness, promote energy efficiency, and maintain targeted subsidies for the B40 and M40 groups. Fadillah, who is also the Minister of Energy Transition and Water Transformation, said the Cabinet had approved the implementation of the AFA mechanism on June 11, replacing the Imbalance Cost Pass-Through (ICPT) mechanism. Under the new system, fuel cost adjustments will be made monthly instead of every six months. Explaining further, he said the government is actively encouraging consumers to adopt energy-efficient systems and renewable energy to help reduce the nation's overall energy consumption. To ease the impact of electricity bills while promoting energy efficiency, Fadillah said the government has introduced energy efficiency incentives. These incentives are provided directly to domestic consumers with electricity usage of 1,000 kilowatt hours (kWh) or less, as well as to micro, small and medium enterprises (MSMEs) consuming 200 kWh or less. 'This incentive is designed to encourage the target group to practice smarter energy management, while ensuring that MSME businesses do not need to raise the prices of goods and services due to the new tariff rate. 'In addition, domestic consumers with electricity usage of 600 kWh and below will be exempted from paying retail charges. This is part of the government's effort to ensure that this group continues to be protected and is not burdened by the implementation of the new schedule,' he said. Fadillah added that, with the incentives and assistance offered alongside the new electricity tariff structure, the government expects minimal impact on electricity bills for domestic users and MSMEs. He noted that 85 per cent of domestic consumers will not be affected and will continue to be protected, in line with the aspirations of Prime Minister Datuk Seri Anwar Ibrahim. - Bernama
Barnama
a day ago
- Business
- Barnama
Fadillah: People's Welfare Remains Protected Even If Fuel Price Fluctuates
KUALA LUMPUR, July 23 (Bernama) -- The government has assured that the welfare and well-being of the people will continue to be protected and will not be directly impacted by any sudden changes in electricity bills resulting from fluctuations in fuel prices. Deputy Prime Minister Datuk Seri Fadillah Yusof said this is because the Ministry of Energy Transition and Water Transformation (PETRA) has set a threshold that requires the minister's approval for any changes to the Automatic Fuel Adjustment (AFA) rate if the basic energy charge and projected energy costs for the coming month rise by more than 10 per cent compared to the current month. 'This is a proactive measure by the government to ensure continued protection for electricity consumers,' he said during a question-and-answer session at the Dewan Rakyat today. He was responding to a question from Datuk Seri Takiyuddin Hassan (PN-Kota Bharu), who sought clarification on how the new Tenaga Nasional Berhad (TNB) electricity billing structure would ensure cost fairness, promote energy efficiency, and maintain targeted subsidies for the B40 and M40 groups. Fadillah, who is also the Minister of Energy Transition and Water Transformation, said the Cabinet had approved the implementation of the AFA mechanism on June 11, replacing the Imbalance Cost Pass-Through (ICPT) mechanism. Under the new system, fuel cost adjustments will be made monthly instead of every six months. Explaining further, he said the government is actively encouraging consumers to adopt energy-efficient systems and renewable energy to help reduce the nation's overall energy consumption. To ease the impact of electricity bills while promoting energy efficiency, Fadillah said the government has introduced energy efficiency incentives. These incentives are provided directly to domestic consumers with electricity usage of 1,000 kilowatt hours (kWh) or less, as well as to micro, small and medium enterprises (MSMEs) consuming 200 kWh or less. 'This incentive is designed to encourage the target group to practice smarter energy management, while ensuring that MSME businesses do not need to raise the prices of goods and services due to the new tariff rate. 'In addition, domestic consumers with electricity usage of 600 kWh and below will be exempted from paying retail charges. This is part of the government's effort to ensure that this group continues to be protected and is not burdened by the implementation of the new schedule,' he said.
Malay Mail
3 days ago
- Business
- Malay Mail
A-G Report: Selected pre-qualified tenders in three ministries failed to speed up procurement, opened doors to abuse
KUALA LUMPUR, July 21 — The implementation of the Selected Pre-Qualified Open Tender Procurement (Selected Pre-Q Procurement) at the Ministry of Energy Transition and Water Transformation (PETRA), the Ministry of Works (KKR) and the Ministry of Rural and Regional Development (KKDW) has not achieved the objective of expediting the procurement process. According to the Auditor General's Report (AG Report) 2/2025 tabled in the Dewan Rakyat today for the KKR, the implementing agency audited was the Sabah Public Works Department (JKR). Based on the audit conducted, the implementation of the Selected Pre-Q Procurement in the three ministries should not be continued, among other things due to the existence of room for manipulation and lack of transparency in the selection of companies, where only certain companies were approved to participate in the tender. 'In addition, market competitiveness is reduced because the ministries or departments involved do not have a database related to the list of reputable and high-performing companies that have previously received contracts from the ministries or departments. 'The Pre-Q Selected Procurement Method does not set a maximum period for the second-stage invitation process and the overall procurement period but only sets a minimum period, causing the procurement process to take a long time, between 152 and 553 days,' according to the report. In this regard, the audit is of the view that the Pre-Q Selected Procurement method should not be continued and the open tender procurement method is more suitable to be implemented to ensure accountability and transparency in the procurement process. However, if the government chooses to continue with Pre-Q Selected Procurement, it is still relevant for large-scale or high-impact projects that require certain technical and financial capabilities from companies participating in the tender, including conducting initial screening on companies. To ensure the objectives of the Procurement Selected Pre-Q are achieved, the audit recommends that the projects offered under the procurement method consist of specific projects that are targeted and require immediate implementation and do not involve specific expertise for their implementation. In addition, the report also recommends clearer and more transparent terms and criteria based on the needs according to the type of project can help ministries or departments screen faster at the initial stage to avoid wasting time and cost in evaluating participation from ineligible companies. The audit also recommends that the integrated company database of the ministries or departments involved refer to a central company database such as the Centralised Information Management System (CIMS) of the Construction Industry Development Board (CIDB) or other systems that need to be developed comprehensively. Another recommendation is to harmonise open and selected tender procedures and create comprehensive guidelines covering technical and financial evaluation. — Bernama
