Kuala Lumpur: The implementation of renewable energy (RE) exports through the Energy Exchange Malaysia (ENEGEM) is based on the surplus electricity from the current supply system, as announced by the Ministry of Energy Transition and Water Transformation (PETRA).

According to BERNAMA News Agency, Deputy Minister Akmal Nasrullah Mohd Nasir clarified that the RE supply sales from the electricity system are determined by the highest bid tariff offer. These energy sales are managed by Tenaga Nasional Bhd (TNB), which serves as the government’s representative in agreements with buyers from Singapore.

Akmal Nasrullah emphasized that all revenue generated is allocated for strengthening the country’s electricity supply system, rather than for profit. He addressed these points during a question and answer session at the Dewan Rakyat, in response to a supplementary query from Lee Chean Chung (PH-Petaling Jaya) regarding the status and future plans of ENEGEM.

Malaysia has already initiated its cross-border RE bidding for Singaporean energy importers under ENEGEM, set to fully commence by the end of 2024. TNB and Singapore’s licensed electricity importer, Sembcorp Power Pte Ltd, signed a renewable energy supply agreement (RESA) on December 9. Under this agreement, Singapore committed to importing 50 megawatts of green energy, which will be accompanied by RE certificates.