MESI 2.0 to reform domestic electricity supply industry

KUALA LUMPUR: The Ministry of Energy, Science, Technology, Environment and Climate Change will be rolling out the Malaysia Electricity Supply Industry 2.0 (MESI 2.0) initiative to reform the domestic electricity supply industry.
Its minister Yeo Bee Yin told reporters at a press conference after the opening ceremony of the Conference of the Electric Power Supply Industry (Cepsi) 2018 that the Malaysia programme office for power electricity reform (MyPower) will be "re-activated" to drive and design the initiative.
MyPower will be an independent company limited by guarantee by the ministry.
The agency tasked to drive and implement the initiative will be closed after 36 months following the conclusion of MESI 2.0.
Through MESI 2.0, the government is looking to increase the industry's efficiency, future proof industry structure regulations and key processes, as well as to democratise and decentralise the electricity supply industry.
Yeo said after the reform, the domestic electricity industry is expected to be efficient, transparent, market based, competitive, sustainable and be more prepared to move towards renewable energy.
She assured that electricity tariff is unlikely to be hiked following MESI 2.0.
Currently, fuel prices are a major determinant of electricity tariff--which is also one of the reason's for the government's push towards a 20% renewable energy target.
Additionally, Yeo said the government will be announcing a new electricity subsidy scheme for the lower income group comprising the 179,000 people registered under e-kasih--in the next few weeks.
An Energy Efficiency Conservation Bill is also expected to be mooted in Parliament by the middle of next year while the Energy Efficient Action Plan is expected to be announced in October.
Tenaga Nasional Bhd is hosting Cepsi after 22 years. The largest energy and electricity supply industry conference ever to be organised in Malaysia, which will go on from Sept 17 till 22, saw delegates from over 30 countries.