Question 1

What is Malaysia Green Attribute Trading System mGATS platform?

Accepted Answer

•  mGATS is a one stop platform for interested customers to seek information about green electricity and acquire mREC

•  mGATS aimed to support the nation’s National Energy Transition Roadmap (NETR) to increase Renewable Energy (RE) capacity through providing green certification to customers

Question 2

What is Malaysia Renewable Energy Certificate mREC?

Accepted Answer

• Renewable Energy Certificate (REC) is a certificate that represents the delivery of 1 MWh of renewable energy to the grid and all associated environmental benefits of displacing 1 MWh of conventional power. Companies wishing to meet their sustainability goals may choose to purchase RECs as part of their renewable energy sourcing portfolio REC is a form of carbon offset for emission coming from grid electricity under GHG Protocol Scope 2.

•  mREC is a branding for all RECs that is redeemed by TNBX for customers in Malaysia. mREC logo is trademarked by TNBX.

Question 3

How do I ensure the credibility of mREC?

Accepted Answer

•  mREC is redeemed from an internationally recognised registry that provides credibility of your electricity coming specifically from a renewable energy generator. Presently, the internationally recognised registry used is by I-REC Standard. I-REC registry is recognised by all major standards and campaign such as Carbon Disclosure Project (CDP), Greenhouse Gas (GHG) Protocol and RE100.

Question 4

How does mREC look like?

Accepted Answer

https://static.wixstatic.com/media/ce645a_2faef4518da14ec0806e8adefe7dc15b~mv2.png

Question 5

How is mGATS or mREC related to my electricity bills?

Accepted Answer

•  mGATS helps customers to acquire mREC, in which mREC would be able to provide clear information on the source of green energy. With mREC, customers can couple it with their electricity bills to make claims of green electricity and emission avoidance for their electricity carbon footprint under GHG Protocol Scope 2 emissions.

Question 6

Can a company, organization or individual sell their mREC to other entity?

Accepted Answer

•  Reselling of mREC is not possible as it will be retired directly to the purchaser by TNBX.

•  This is necessary to ensure mREC is not traded extensively and serves only the local market in Malaysia.

Question 7

How do I be ensured that mREC is credible?

Accepted Answer

•  mREC is redeemed from an internationally recognized registry that provides credibility of your electricity coming specifically from a renewable energy generator. Presently, the internationally recognized registry used is I-REC Standard. I-REC registry is recognized by all major standards and campaign such as Carbon Disclosure Project (CDP), Greenhouse Gas (GHG) Protocol and RE100.

Question 8

Is there any incentive provided when purchasing mREC from mGATS i.e. tax exemption?

Accepted Answer

•  Presently, there is no incentives available for the REC purchase.

Question 9

Am I eligible for ICPT surcharge exemption in my TNB bills for the purchase of mREC in mGATS?

Accepted Answer

•  No, mREC purchased via mGATS is separate from TNB bills and there will be no ICPT surcharge exemption.

Question 10

Where does the collection from the mREC purchase goes to?

Accepted Answer

•  Generally, the payment collected from the mREC purchase will be channeled back to the asset/attribute owners.

•  The sales proceeds from the REC bidding will be used for the implementation of renewable energy development programs and initiatives, particularly in increasing renewable energy capacity such as the Solar for Rakyat Incentive Scheme (SolaRIS) programme.

Question 11

Is mGATS open to all customers in Malaysia including domestic/residential customers?

Accepted Answer

•  No, presently, mGATS is only open for organization/corporate/non-residential customers. Customers must have a valid ROC to register an account which is registered to Suruhanjaya Syarikat Malaysia (SSM).

Question 12

Is mGATS open to customers residing out of Malaysia?

Accepted Answer

•  mGATS is open for all corporate customers. 
• However, mREC will only be retired to customers residing only in Malaysia, including Sabah and Sarawak.

Question 13

Can I choose the type of Renewable Energy (RE) mREC in mGATS?

Accepted Answer

•  Yes, mREC from different sources will be available from time to time for auction.

Question 14

I would like to list my REC on mGATS. What can I do?

Accepted Answer

•  mGATS will offer mREC from different sources in phases.
•  However, presently mGATS will only be auctioning for mRECs coming from Solar and Large Hydro in Malaysia.
•  Kindly contact TNBX directly for more info on this.

Question 15

What are the cost involved for purchasing REC?

Accepted Answer

Presently, cost involved for purchasers is only the final winning bid price and stamp duty for agreement (if applicable).

7 Easy Steps to Acquire mREC

Frequently Asked Questions