In October 2023, the Government has approved for cross-border sales of renewable energy through an energy exchange to neighbouring countries under the Cross-Border Electricity Sales (CBES) for Renewable Energy (RE) scheme.
The Energy Exchange Malaysia (ENEGEM) was then developed as the designated platform to facilitate sales of renewable energy or Green Electricity between Malaysia and neighbouring countries in the region. ENEGEM acts as the marketplace to sell Green Electricity through a bidding mechanism, operated by the Single Buyer.
The framework for this program is as illustrated in Diagram 1
