Summary Energy Efficiency and Conservation Bill tabled in Dewan Rakyat for first reading theedgemalaysia.com
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The Energy Efficiency and Conservation Bill mandates audits for high energy users, enforces RM100,000 fines for non-compliance, and aims to promote sustainability.
Slides
Slide Presentation (6 slides)
Key Points
- Energy Efficiency and Conservation Bill tabled in Dewan Rakyat for first reading
- Proposed bill aims to manage energy demand and consumption of high energy-consuming users
- Requirement for high energy consumers to appoint registered energy manager and conduct energy audits
- Coverage of heavy industrial and commercial users consuming significant amounts of energy
- Enforcement of the EECA 12 months after gazetted with penalties for non-compliance
- Estimated compliance cost and potential reduction in electricity bills
- Incentives available for industrial players adopting energy efficiency practices
- Exclusion of solar energy as a measure of efficiency under the proposed law
Summaries
18 word summary
Energy Efficiency and Conservation Bill requires audits for high energy users, imposes RM100,000 fines for non-compliance, promotes sustainability.
54 word summary
The Energy Efficiency and Conservation Bill 2023 (EECA) mandates energy audits for high energy consumers in industrial and commercial sectors, with penalties up to RM100,000 for non-compliance. It excludes solar energy in efficiency assessments but offers incentives like the Green Investment Tax Allowance. The bill aims to reduce energy consumption and promote sustainable practices.
119 word summary
The Energy Efficiency and Conservation Bill 2023 (EECA) introduced in Dewan Rakyat targets high energy-consuming industrial and commercial users, mandating energy audits and compliance for heavy consumers. Penalties for non-compliance range from RM20,000 to RM100,000, with estimated annual compliance costs of RM120,000 for industrial users and RM100,000 for commercial users. The bill emphasizes energy management and sustainable consumption, excluding solar energy in efficiency assessments. Incentives like the Green Investment Tax Allowance support energy efficiency practices. Deputy Minister Datuk Seri Huang Tiong Sii tabled the bill during the third meeting of the year, with the second reading expected soon. The EECA aims to reduce overall energy consumption, promote sustainable practices, and enhance energy efficiency among targeted industrial and commercial consumers.
438 word summary
The Energy Efficiency and Conservation Bill 2023 (EECA) was introduced in Dewan Rakyat to address energy management and sustainable consumption among high energy-consuming industrial and commercial users. The bill mandates the appointment of a registered energy manager and periodic energy audits for heavy industrial and commercial consumers exceeding specific energy consumption thresholds. It aims to cover 1,500 industrial and 500 commercial consumers, representing a significant portion of energy consumption in these sectors.
Enforcement of the EECA will require affected consumers to conduct energy audits within 12 months of gazetting, followed by a five-year compliance period. Non-compliance will result in penalties ranging from RM20,000 to RM100,000. The law also includes provisions for building compliance with energy efficiency requirements. The estimated annual compliance cost for industrial users is RM120,000, while commercial users face a cost of RM100,000. Compliance is expected to reduce electricity bills by up to 25%.
The EECA does not consider the use of solar energy as a factor in assessing efficiency, focusing solely on consumption patterns. To support industrial players in adopting energy efficiency practices, existing incentives include the Green Investment Tax Allowance, Green Income Tax Exemption, and Green Technology Financing Scheme. These incentives aim to promote sustainable practices and reduce energy consumption in line with the goals of the EECA.
Deputy Minister Datuk Seri Huang Tiong Sii tabled the Energy Efficiency and Conservation Bill in Dewan Rakyat during its third meeting of the year, which spans from October 9 to November 30. The second reading of the bill is expected to take place during the current session. The EECA targets high energy consumers in the industrial and commercial sectors, aiming to improve energy management practices and promote sustainable consumption habits.
The proposed law seeks to regulate heavy industrial and commercial users exceeding specific energy consumption thresholds, with penalties for non-compliance after the second audit. By enforcing mandatory energy audits and compliance requirements, the EECA aims to enhance energy efficiency practices and reduce overall energy consumption among targeted consumers. The bill's provisions cover a significant portion of industrial and commercial energy consumers, representing a substantial impact on energy consumption patterns in these sectors.
In conclusion, the Energy Efficiency and Conservation Bill 2023 introduces measures to enhance energy management practices and promote sustainable consumption among high energy-consuming industrial and commercial users. By requiring mandatory energy audits and compliance assessments, the bill aims to reduce overall energy consumption and promote energy efficiency in targeted sectors. The enforcement of the EECA will bring about significant changes in how energy is managed and consumed by industrial and commercial consumers, contributing to a more sustainable and environmentally friendly approach to energy usage.
438 word summary
The Energy Efficiency and Conservation Bill 2023 (EECA) was introduced in Dewan Rakyat to address energy management and sustainable consumption among high energy-consuming industrial and commercial users. The bill mandates the appointment of a registered energy manager and periodic energy audits for heavy industrial and commercial consumers exceeding specific energy consumption thresholds. It aims to cover 1,500 industrial and 500 commercial consumers, representing a significant portion of energy consumption in these sectors.
Enforcement of the EECA will require affected consumers to conduct energy audits within 12 months of gazetting, followed by a five-year compliance period. Non-compliance will result in penalties ranging from RM20,000 to RM100,000. The law also includes provisions for building compliance with energy efficiency requirements. The estimated annual compliance cost for industrial users is RM120,000, while commercial users face a cost of RM100,000. Compliance is expected to reduce electricity bills by up to 25%.
The EECA does not consider the use of solar energy as a factor in assessing efficiency, focusing solely on consumption patterns. To support industrial players in adopting energy efficiency practices, existing incentives include the Green Investment Tax Allowance, Green Income Tax Exemption, and Green Technology Financing Scheme. These incentives aim to promote sustainable practices and reduce energy consumption in line with the goals of the EECA.
Deputy Minister Datuk Seri Huang Tiong Sii tabled the Energy Efficiency and Conservation Bill in Dewan Rakyat during its third meeting of the year, which spans from October 9 to November 30. The second reading of the bill is expected to take place during the current session. The EECA targets high energy consumers in the industrial and commercial sectors, aiming to improve energy management practices and promote sustainable consumption habits.
The proposed law seeks to regulate heavy industrial and commercial users exceeding specific energy consumption thresholds, with penalties for non-compliance after the second audit. By enforcing mandatory energy audits and compliance requirements, the EECA aims to enhance energy efficiency practices and reduce overall energy consumption among targeted consumers. The bill's provisions cover a significant portion of industrial and commercial energy consumers, representing a substantial impact on energy consumption patterns in these sectors.
In conclusion, the Energy Efficiency and Conservation Bill 2023 introduces measures to enhance energy management practices and promote sustainable consumption among high energy-consuming industrial and commercial users. By requiring mandatory energy audits and compliance assessments, the bill aims to reduce overall energy consumption and promote energy efficiency in targeted sectors. The enforcement of the EECA will bring about significant changes in how energy is managed and consumed by industrial and commercial consumers, contributing to a more sustainable and environmentally friendly approach to energy usage.