ENEGEM
Driving transparent and efficient renewable energy trading for a stronger Malaysian market
Understanding ENEGEM
In October 2023, the government approved the Cross-Border Electricity Sales for Renewable Energy (CBES RE) scheme, enabling Malaysia to export renewable energy to neighboring countries.
To bring this initiative to life, Energy Exchange Malaysia (ENEGEM) was established as the official platform for facilitating green electricity transactions under CBES RE. Operated by Single Buyer, ENEGEM provides a transparent marketplace where renewable energy is traded through a competitive bidding process.
The scheme is being introduced in phases. The Pilot Phase, involving up to 300 MW via the Malaysia–Singapore interconnection, began in 2024 and marked the first flow of renewable electricity under CBES RE.
