Supply Agreement For Renewable Energy (Sare) Programme

The P2P energy trading program is in line with the new MESI 2.0 initiative, which aims to enable customers to choose more, promote more photovoltaic prosumers and improve the customer experience through digital innovation. You can become prosumer as long as he holds the NEM, which is registered with SEDA Malaysia and has a production license for a system capacity greater than 72kW at the Energy Commission. The main government policies that encourage the growth of the renewable energy sector are: the P2P program is based on energy arbitrage opportunities, and SEDA has a maximum arbitration chance of 10% (10%) recommended. Like a margin. Based on the TNB tariff, it costs an average of 35.5Sen for a protein to produce a kilo of energy and the prosumer can sell the energy at 39.05 sen per kWh. The consumer bears the cost of purchasing the energy from the prosumer and the royalties on the sandbox networks of 6.3 s per kWh. In this context, the P2P programme provides a win-win situation for both the consumer and the consumer, with the prosumer making a 10% profit from the sale of energy and the consumer 11% (11%) Cost savings. When purchasing energy from a prosumer, the consumer must bear only 45.35 sen per kWh instead of 50.9 s per kWh depending on the TNB tariff. In order to test the viability of the P2P energy trading project, SEDA launched at the end of 2019 the first pilot race for the P2P energy trading project for electricity on the TNB network as part of reTR 2035. Thanks to a collaboration with Australia`s Power Ledger Pty Ltd, the eight-month pilot project, which uses blockchain technology, will take place in two phases.

The alpha phase, which begins over a period of two (2) months, will test the technical functioning of the program, while the beta phase, which will last (6) months, will see the conclusion of commercial transactions under the P2P program, as this will also be possible for solar generators and electricity consumers. The NEM system is upgraded from the net billing concept to the net energy meter system, which is applicable only to registered TNB customers at Peninsular Malaysia. Electricity Supply Act 1990, which governs, among other things, the electricity industry; SARE is a tripartite agreement between the customer, the investor/owner and the distributor, tenaga Nasional Berhad (“TNB”), which aims to increase the accessibility and affordability of the introduction of solar photovoltaic installations by customers. Under the SARE program, the investor/owner leases the solar photovoltaic installation to the customer, while the purchase of solar electricity by the TNB customer is billed. In this agreement, TNB`s assumes the role of contract and settlement agent. Customers pay a rental fee to the investor/owner via the TNB and, in return, consumers are not required to pay the pre-installation fee for solar photovoltaic installations, making investments in solar photovoltaic installations more affordable for customers. SARE supports and covers the DEA and Solar Leasing agreements. To participate in the SARE program, the investor/owner must be registered with SEDA.