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On 26 January 2024, in conjunction with the International Day of Clean Energy, the Ministry of Energy Transition and Water Transformation (PETRA) announced the Low Carbon Energy Generation Programme for non-solar renewable resources under the New Enhanced Dispatch Arrangement (NEDA) mechanism.
This programme focuses on non-solar renewable resources such as wind, small hydro, biogas, biomass, and hydrogen. A total quota of 400 MW has been allocated, with participation based on a ‘first come, first served’ basis.
Category:
Bidding Mechanism: Price - Quantity
Settlement: Actual System Marginal Price (SPM)
Failure to meet declared MW: Penalty of RM150 for each kWh shortfall per event
Category:
Bidding Mechanism: Do not bid, submit Planned Generation Schedule (GPS)
Settlement: Actual System Marginal Price (SMP)
*Note: Any Metered Output below the higher of 100kWh or 1% of the Price Taker’s Installed Capacity, shall be disregarded for the purpose of Settlement
Failure to meet declared MW: No Penalty
The settlement for participants under the program will be based on half-hourly System Marginal Price (SMP).