21. Grid parity

(1)

The Authority shall determine whether a particular renewable energy installation has achieved grid parity.

(2)

Upon the determination by the Authority that a particular renewable energy installation has achieved grid parity, the Authority shall notify the relevant feed-in approval holder and distribution licensee of such achievement.

(3)

Notwithstanding anything under this Act, upon notification of the determination of grid parity under subsection (2)—

(a)

a feed-in approval holder who owns such renewable energy installation shall not be entitled to be paid the feed-in tariff and shall instead be paid by the distribution licensee a tariff that is based on the prevailing displaced cost for the remaining duration of the effective period; and

(b)

a distribution licensee shall not be entitled to recover from the Fund the sum referred to in section 19 and be paid administrative fees under paragraph 20(a) in respect of any renewable energy installation.

Terms defined in s 2

Authority
Defined · s 2
“Authority” means the Sustainable Energy Development Authority Malaysia established under the Sustainable Energy Development Authority Act 2011;
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displaced cost
Defined · s 2
“displaced cost” means the average cost of generating and supplying one kilowatt hour of electricity from resources other than the renewable resources through the supply line up to the point of interconnection with the renewable energy installation;
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distribution licensee
Defined · s 2
“distribution licensee” means the holder of a licence to distribute issued by the Commission under section 9 of the Electricity Supply Act 1990;
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effective period
Defined · s 2
“effective period”, in relation to a feed-in approval holder, means the period commencing from the feed-in tariff commencement date as specified in the fourth column of the Schedule;
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feed-in approval holder
Defined · s 2
“feed-in approval holder” means a person who holds a feed-in approval;
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feed-in tariff
Defined · s 2
“feed-in tariff” means the special tariff payable to feed-in approval holders in consideration for renewable energy generated and sold to a distribution licensee as specified in the third column of the Schedule;
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Fund
Defined · s 2
“Fund” means the Renewable Energy Fund established under section 23;
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grid parity
Defined · s 2
“grid parity”, in relation to a particular renewable energy installation, means the time at which the feed-in tariff rate applicable to that renewable energy installation is equal to or cheaper than the displaced cost;
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renewable energy installation
Defined · s 2
“renewable energy installation” means an installation which generates renewable energy and includes any technical facility of that installation which converts mechanical, chemical, thermal or electromagnetic energy directly into electricity;
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Report

Read on from s 22

Part V

Renewable Energy Fund

Read on from Part V

Part VI

Information Gathering Powers

Read on from Part VI

Part VII

Enforcement

Read on from Part VII

Part VIII

General

Read on from Part VIII

Part IX

Savings and Transitional

Read on from Part IX