Sustainable Energy Development Authority Malaysia (SEDA), despite not achieving its quota had asked for the contribution to the Renewable Energy (RE) Fund to be increased from 1% to 1.6% starting in 2014.
As of the 17 of April, 2014, SEDA had only managed to commission 56% of the quota distributed in 2012 and 2013. According to the Sustainable Energy Development Authority 2012 Annual Report, the total approved capacity of Feed-in Tariff (FiT) scheme totaled 327.59MW for the years 2012 and 2013, but only 184.12MW were installed by mid April 2014.
Serdang MP Ong Kian Ming highlighted in his statement today that SEDA had increased its annual assets by 70% or RM 231 million. He added that if SEDA failed to show that it can achieve installation of its distributed quota from 2012 and 2013, it cannot ask consumers to pay more by increasing the contribution to the Renewable Energy (RE) Fund from 1% to 1.6% for usage above 300kWh per month.
“The increase in the RE fund in 2014 surcharge will only add to the cash reserves of SEDA without increasing SEDA’s ability to achieve its installation targets.”
“Thus far, the results for 2014 have not been very positive. As of today, only 0.27MW of RE energy under the FiT scheme has been installed according to SEDA’s website. This represents a pitiful 0.3% of the 101MW allocated under the 2014 quota thus far,” said the Serdang MP.
He asked SEDA to explain its poor performance and justify why consumers need to contribute more to the RE fund in 2014 and beyond in light of this poor performance. -The Rocket