This is under the Draft Energy (Energy Management) Regulations, 2021 currently undergoing public participation, as the government through the Energy Ministry pushes for energy efficiency and cut on carbon emissions. Under the proposed law, facility owners will be required ensure they undertake an energy audit at least once every four years, with the use of a licensed energy auditor, an energy audit firm or an energy service company. “An owner of a designated facility shall within six months from the approval of the energy audit report, prepare and submit to the Authority (Energy and Petroleum Regulatory Authority) an energy investment plan for implementation of the energy conservation measures in the approved energy audit,” the draft reads in part. Facilities that achieve recommended energy savings rates shall be allowed to sell excess energy savings. The energy savings credit conversion factor between one facility to another will be one energy unit to one unit of energy.

Source: The Star June 04, 2021 03:56 UTC