Malaysia Boosts Renewable Energy with Enhanced CRESS

1. CRESS Updates:
   • The Corporate Renewable Energy Supply Scheme (CRESS) enhancements will be effective starting March 1, 2025.
   • Allows existing electricity consumers to access the national grid for third-party renewable energy sourcing.
2. System Access Charges (SAC):
   • Fixed rates: 45 sen/kWh for standard transmission and 25 sen/kWh for transmission with battery storage.
   • Charges are locked for three years, with a 15% variation cap per regulatory period until 2027, offering cost predictability for investors.
3. Purpose:
   • Supports Malaysia’s goal of achieving 70% renewable energy capacity by 2050.
   • Encourages corporate adoption of renewable energy by enabling purchases directly from independent power producers via the national grid.
4. Key Agreements under CRESS:
   • UEM Lestra partnered with ESR Group Ltd.
   • Tenaga Nasional Bhd (TNB) secured a 400MW agreement with Bridge Data Centre.
5. Impact:
   • Aims to liberalize Malaysia’s energy market.
   • Provides corporations with cost-assured access to renewable electricity, boosting the green economy.
   • Positions Malaysia as a regional leader in renewable energy initiatives.

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