Section 20
Review and adjustment of degression rates
of Sabah Renewable Energy Enactment 2024
The Commission shall review the degression rates in respect of any category of renewable energy installation at least once every three years after the date this Enactment comes into operation for the purposes of improving the overall performance of the feed-in tariff system to better achieve the objective of this Enactment.
(2)
In carrying out the review under subsection (1), the Commission shall have regard to —
(a)
the matters set out in subsection 5(3);
(b)
the ability of the feed-in approval holders to recover their initial investment on their renewable energy installations and receive satisfactory returns within a reasonable time;
(c)
the prevailing costs of equipping, constructing, operating and maintaining renewable energy installations utilizing each
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particular renewable resource;
(d)
the efficiency of renewable energy installations utilizing each particular renewable resource based on prevailing technology;
and
(e)
any other factor deemed relevant by the Commission.
(3)
Upon completion of the review under subsection (1), the Commission shall submit a report of the review to the Minister with or without recommendations for adjustments to the degression rates.
(4)
The Minister may, after considering the recommendations for adjustment to the degression rates made by the Commission under subsection (3), approve or refuse such recommendations.
(5)
If the Minister approves the recommendation made by the Commission under subsection (4), he shall as soon as practicable, revise the degression rates.
(6)
The revised degression rates shall not apply to feed-in approval holders existing before the revised degression rates come into effect.