Kuala lumpur: The government is set to manage electricity import and export activities along with renewable energy (RE) trading, directing proceeds into the Kumpulan Wang Industri Elektrik (KWIE) fund for public benefit. Deputy Minister of Energy Transition and Water Transformation (PETRA) Akmal Nasrullah Mohd Nasir emphasized that the KWIE fund, overseen by the Energy Commission (EC), aims to mitigate the impact of tariffs on citizens.
According to BERNAMA News Agency, revenues from cross-border RE trading will be allocated to the Renewable Energy Fund, supporting energy transition efforts and advancing the country’s RE industry. Akmal Nasrullah highlighted that all Malaysians will gain from the KWIE fund via proceeds from electricity import and export activities.
During the Dewan Rakyat session, members approved the Electricity Supply (Amendment) Bill 2025, amending the Electricity Supply Act 1990 (Act 447) with a verbal majority after debate by 12 members. Akmal Nasrullah explained that the cross-border electricity trading activities are premised on selling surplus energy, ensuring domestic electricity supply remains prioritized.
Akmal Nasrullah further reassured that measures are in place to prevent import and export activities from affecting Malaysia’s electricity supply. The bill’s second reading underscored the amendment’s aim to broaden Act 447’s scope for regulating electricity import and export.
The proposed amendment strengthens the existing legal framework, facilitating cross-border electricity supply or distribution initiatives. It seeks to enhance stability and methods of electricity supply while safeguarding the national grid system and supply security.
Additionally, the Dewan Rakyat passed the Energy Commission (Amendment) Bill 2025, modifying the Energy Commission Act 2001 (Act 610) in alignment with Act 447’s proposed amendment. It was approved by a verbal majority following debate by four members, assigning regulatory responsibilities over electricity import and export activities to the EC.