If you have a solar generator at home, you need to be happy.
Why?
This is because the Minister for Energy, Science, Environment and Climate Change, Yeo Bee Yin has announced that domestic and commercial users of solar power will have cheaper electricity bills from January 1, 2019.
Here is a report by The Star, where there will be two new policies introduced when 2019 rolls around, which are the Supply Agreement for Renewable Energy (SARE) programme and the improved Net Energy Metering (NEM) mechanism. Yeo explained,
We have decided to improve and expand the Supply Agreement for Renewable Energy (SARE) programme to allow consumers to install solar panels in their homes under a solar leasing concept. Under solar leasing, there will be zero upfront cost where individuals need not come out with an initial cost for installing solar panels.
At the moment, solar power producers sell the energy to TNB at 31sens pkwh (per KiloWatt per hour) compared with purchasing electricity which costs about 50sens pkwh.
Good news is that the government has decided from Jan 1 next year, there will be no difference in sale and purchase prices of electricity. The TNB bill calculation will be based on a one-on-one or equivalent to consumption minus generation times the tariff
That’s insane deal and maybe you can consider install a solar panel. 2019 looks like a good year to start for going green!