the Natural Resources, Environment and Climate Change Minister, Nik Nazmi Nik Ahmad reaffirming the government’s commitment to targeted energy subsidies in his recent announcement on reducing electricity subsidies for households with excessive power usage, it is crucial to explore holistic solutions to improve our electricity demand side management.
Effective demand-side management can cost-effectively reduce the investment needed to deploy excess power generation capacity and system balancing facilities. For instance, corporate policies that encourage remote work can reduce transport energy service demand. While some past policies have successfully reduced energy wastage in the country, new perspectives are needed to enable larger-scale long-term energy efficiency improvements, particularly in the building sector, which account for nearly half of the national electricity consumption and is expected to grow with continuous urbanisation.
This approach can enhance power system resilience without requiring significant public funding and also generate economic opportunities in the building retrofit sector. Furthermore, an overarching framework to instil a sustainability mindset in individuals and corporations is needed to drive greater impact in these improvements.
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