The Sustainable Energy Development Authority (SEDA) of Malaysia has opened the Net Energy Metering 3.0 (NEM 3.0) programme, which will be in force until the end of 2023. It will seek to allocate 500 MW of solar rooftop PV capacity, including 100 MW under the NEM Rakyat program for residential systems offering a 10-year net metering tariff, and 100 MW under the NEM GoMEn regime for public entities and government ministries. It will also offer 300 MW under the NEM Net Offset Virtual Aggregation (NEM NOVA) scheme for commercial and industrial PV system "prosumers"; they will be able to sell their excess power generation to the grid at market price or at system marginal price (SMP).
Malaysia introduced net metering to replace feed-in tariffs in January 2017. In January 2019, it launched the NEM 2.0 programme, which offered 500 MW of PV capacity and was fully subscribed at the end of December 2020. Under the NEM 2.0 scheme, the surplus power generated by PV systems was paid on a "one-on-one" offset basis (every kWh injected into the power grid was offset against a KWh taken from the grid).