ABOUT FEED-IN TARIFF
Feed-in Tariff typically offers from government as a guaranteed purchase agreement for electricity generated from renewable energy sources. It achieves this by offering long-term contracts to renewable energy producers like companies, industry or individuals, these agreements are generally framed within long-term (21 year) contracts.
Feed-In Tariffs also are the electricity part of what some people call Clean Energy Cash back, a scheme that pays people for creating their own "Green Electricity" transit to useful electricity and sell to Tenaga Nasional Berhad.
The implement of Fit in Malaysia will pave the path for us to become the leading country in this region for the green technologies and low carbon economic growth.
Key terminologies in Feed-in Tariff (FiT):
Feed-in Tariff typically offers from government as a guaranteed purchase agreement for electricity generated from renewable energy sources. It achieves this by offering long-term contracts to renewable energy producers like companies, industry or individuals, these agreements are generally framed within long-term (21 year) contracts.
Feed-In Tariffs also are the electricity part of what some people call Clean Energy Cash back, a scheme that pays people for creating their own "Green Electricity" transit to useful electricity and sell to Tenaga Nasional Berhad.
The implement of Fit in Malaysia will pave the path for us to become the leading country in this region for the green technologies and low carbon economic growth.
Key terminologies in Feed-in Tariff (FiT):
- Distribution Licensees: Companies holding the license to distribute electricity (e.g. TNB, SESB, NUR).
- Feed-in Approval Holder: An individual or company who holds a feed-in approval certificate issued by SEDA Malaysia. The holder is eligible to sell renewable energy at the FiT rate.
- FiT rate: Fixed premium rate payable for each unit of renewable energy sold to Distribution Licensees. The FiT rate differs for different renewable resources and installed capacities. Bonus FiT rate applies when the criteria for bonus conditions are met.
Advantages of Solar Power
- The major advantage of solar power is that no pollution is created in the process of generating electricity. Environmentally it the most Clean and Green energy. Solar Energy is clean, renewable and sustainable, helping to protect our environment.
- Solar energy does not pollute our air by releasing carbon dioxide, nitrogen oxide, sulfur dioxide or mercury into the atmosphere like many traditional forms of electrical generation does.
- After solar energy system installed, there are no recurring costs, and also no on-going cost for the power is generated because solar radiation is totally free.
- Solar energy is more reliable than wind ocean waves or geothermal.
- After the initial investment has been recovered, the energy from the sun is practically FREE.
- The savings are immediate and for many years to come.
- The use of solar energy indirectly reduces health costs.
- Solar energy system is operated silently, have no moving parts, it do not release offensive smells and do not require you to add any fuel.