Net Energy Metering 3.0 (NEM 3.0) announcement

The Net Energy Metering program was introduced in 2016 (with a 500MW allocation) as a solar incentive to further boost the uptake of solar adoption in Malaysia but it wasn’t till 2019 that the program really took off. In changing the program’s energy offset ratio to 1:1 and touting it as NEM 2.0 – the new offset ratio made recuperating the heavy expenses on a solar PV system much shorter. This made the program wildly popular among home and business owners alike.

In 2020, the remaining 442MW of the 500MW allocation for NEM was snapped up across sectors such as residential, commercial, industrial and agriculture. A month after the final allocation of NEM 2.0, the Ministry has now announced NEM 3.0 in a joint statement released by both the Energy Commission (ST) and Ministry of Energy and Natural Resources (KeTSA) of Malaysia.

What is Net Energy Metering 3.0 (NEM 3.0)

The NEM 3.0 program will be available from 2021 till 2023 with a quota of 500MW allocated. During NEM 3.0, three new main initiatives will be introduced to further boost the uptake of solar adoption. Also introduced among these three initiatives is “virtual NEM” – allowing the commercial and industrial sectors to distribute solar power.

The three main initiatives are:-
• NEM Rakyat Program
• NEM GoMEn (Government Ministries and Entities) Program
• NOVA (Net Offset Virtual Aggregation) Program

NEM Rakyat Program (for homeowners)

[UPDATE] NEM Rakyat is now open for applications.
Download a copy of our latest NEM 3.0 e-brochure HERE.

 

Aimed at reducing energy bills by generating your own electricity through the use of a solar PV system. The energy offset ratio is at 1:1. Roll-over period is for 12 months. The maximum solar PV system size a homeowner is allowed to install is 4kWac and 10kWac for single phase and three phase homes respectively.

The NEM Rakyat Program has an allocated quota of 100MW and starts 1 February 2021 with a 10-year contract term for successful applicants. The program lasts till the quota has been fully allocated or by 31 December 2023 (whichever comes first).

NEM GoMEn (Government Ministries and Entities) Program

[UPDATE] NEM GoMEn is now open for applications.
Download a copy of our latest NEM 3.0 e-brochure HERE.

 

Aimed at reducing government building’s energy bills through the use of a solar PV system. The energy offset ratio is at 1:1. Roll-over period is for 12 months. The maximum solar PV system size allowed is 1MWac per account.

The NEM GoMEn Program has an allocated quota of 100MW and starts 1 February 2021 with a 10-year contract term for successful applicants. The program lasts till the quota has been fully allocated or by 31 December 2023 (whichever comes first).

The NOVA Program (Commercial & Industrial)

Aimed at reducing business costs through the use of a solar PV system by the commercial and industrial sector the NOVA program enables successful applicants to:

i. CONSUME the electricity generated with a solar PV system
ii. SELL excess electricity (generated with a solar PV system) back to the grid at market rate or System Marginal Price (SMP). The electricity sold will be converted to credits and will be reflected in the following month’s electricity bill.
iii. OFFSET excess electricity (generated with a solar PV system) by distributing it through virtual aggregation up to 3 different electricity bill accounts under the same name.

The NOVA Program has an allocated quota of 300MW and starts 1 April 2021 with a 10-year contract term for successful applicants. The program lasts till the quota has been fully allocated or by 31 December 2023 (whichever comes first). More info will be released prior to the launch date.

combiner box solar pv system 2

Want to know how Net Energy Metering 3.0 can help you?

Interested in how NEM can help you save on your electricity bills?

Sign up for a free solar PV assessment from ERS Energy by completing the form and our team will get in touch with you. 

The views expressed by the author, Michael Leong, are of the author’s own and do not represent the opinions of any entity with which he have been, am now, or will be affiliated.

Let’s Get Started!

更多详情 | Ingin ketahui lanjut

We’re always here to guide you

请联系我们 | Kami bersedia menolong

Chat with us

Let’s Get Started!

更多详情

Ingin ketahui lanjut

We’re always here to guide you

请联系我们

Kami bersedia menolong

Chat with us

Our extended line of services:

Energy Storage

Lithium-ion, hybrid & off grid solutions

EV Charging Station

Fast EV charger, wall EV charger, CHAdeMO + CCS

Solar Street Lights

Energy saving solar powered compound lights

Major Turnkey Provider

Fully fledged in-house major turnkey provider

Power Profiling

Energy load profile study and analysis report

O&M Coverage

Comprehensive insurance plans for solar power systems

ERS Energy

ERS Energy Sdn Bhd

ERS Energy specializes as a one-stop solar energy solutions provider and also provides an extended line of energy solutions like EV charging stations, off grid & hybrid systems and more.

ERS Energy Contact

57, Jalan Telawi, Bangsar Baru. 59100, Kuala Lumpur
Phone: +603 2201 1468
Fax: +603 2201 4122
Email: info@ers.my

Social Media Channels

Explore our social network channels for updates and also unique content! ?

Licensed & Accredited By:

SEDA Malaysia, Sustainable Energy Development Authority Malaysia

Track record with:

KeTTHA, Suruhanjaya Tenaga, Tenaga Nasional Berhad, SESB

©Copyright ERS ENERGY SDN BHD 2020 | Privacy Policy