WHAT IS NET ENERGY METERING 3.0 (NEM 3.0)
The NEM 3.0 program available from 2021 till 2023 with a quota of 500MW allocated. Three new main initiatives will be introduced to further boost
the uptake of solar adoption. There are main initiatives are:-
NEM Rakyat Program
Aimed at reducing energy bills by generating your own electricity through using 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 can 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
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:
- CONSUME the electricity generated with a solar PV system.
- 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.
- 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
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.
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