This post is an updates for “Earn Money by Generating Electricity at Home” article published earlier. Recently, Dewan Rakyat passed the bill on the Renewable Energy (RE) Act 2010. Under the bill, the Government is to implement the feed-in tariff (FiT) system.

Under the act, a small-scale solar photovoltaic (PV) producer, such as households, could potentially earn up to RM1.75 per kWh of electricity produced by selling the power to Tenaga Nasional Bhd (TNB). Comparatively, consumers pay RM0.218 per kWh to TNB for the first 200kWh electricity consume per month.

Under the FiT systems, TNB will buy all RE generated and pay a FiT to the generators, thus making it much more lucrative to generate RE power.

Read more →

Feed-in-tariff (FiT) mechanism under the Renewable Energy (RE) Act which is expected to be implemented middle of this year will enable individuals to earn income by selling electricity generated from renewable resources at home.

The FiT system has, proven to be an effective and efficient mechanism to encourage the development of sustainable markets for RE around the world and Malaysia is heading to the same direction.

Under the RE Act, the public will be able to sell electricity generated from RE to utility companies such as Tenaga Nasional Bhd (TNB) and Sarawak Energy Bhd at a fixed rate for a specific period.

Consumers can install solar panel or photovoltaic system at home and it would be a secondary income for them.

These are the summary about the program,

Read more →