Financial Management


As highlighted in 2012 Budgets, households who earn less than RM3,000 per months are eligible to claim for one-off cash assistance under “Bantuan Rakyat 1Malaysia (BR1M)”.

For those who are eligible, the registration will be opened until 10th February 2012 (extended date) at various locations including schools. Registration form we be distributed via newspapers and also can be downloaded from Ministry of Finance website.

An action will be taken against people who claim the one-off RM500 aid, but not qualify & submitting false information.

Below are the eligibility criteria,

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For those who are interested to earn extra money by generating electricity at home will be able to register online through e-FiT system at the Sustainable Energy Development Authority Malaysia (SEDA) website. The registration will be open to the public starting 1st December 2011 at 00.00 hrs.

There will be a quota on the numbers of approved application, and it will be awarded based on first-come, first-served basis.

For the public individual, the quota for solar photovoltaic (PV) system is 2.50 MW for half yearly. If each of the public individuals adopts to install 4kW, then the quota is 625 persons per half-yearly. FiT present applicants with an investment opportunity as they will be rewarded with lucrative rates.

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KeTTHA

As highlighted earlier regarding SAVE programme, consumers will be able to redeem up to RM200 for newly purchase five-star energy efficient Appliance.

For the time being, end user can redeem rebate for refrigerator & air conditional. For business rebate is available for newly purchase chillers.

The rebate program started on July 7, 2011 and will end until all rebates are taken at the end of 2011. Rebates will be awarded on a first-come, first-served basis to qualified domestic consumers.

Eligibility criteria are as follow;

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Energy Saving

SAVE or Sustainability Achieved via Energy Efficiency, is a programme aimed to improve energy efficiency in Malaysia through five initiatives.

The first initiative is to stimulate sales of energy-efficient appliances by providing rebates for refrigerators, air-conditioners and chillers to qualified consumers.

Under the initiative, qualified consumers who purchase electrical appliances that have five-star will be given a rebate up RM200.

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This post is an updates for “Earn Money by Generating Electricity at Home” article published earlier. Recently, Dewan Rakyat passed the bill on the Renewable Energy (RE) Act 2010. Under the bill, the Government is to implement the feed-in tariff (FiT) system.

Under the act, a small-scale solar photovoltaic (PV) producer, such as households, could potentially earn up to RM1.75 per kWh of electricity produced by selling the power to Tenaga Nasional Bhd (TNB). Comparatively, consumers pay RM0.218 per kWh to TNB for the first 200kWh electricity consume per month.

Under the FiT systems, TNB will buy all RE generated and pay a FiT to the generators, thus making it much more lucrative to generate RE power.

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