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Energy transition toward a low-carbon economy in Malaysia: do we need a liberalizing electricity market?


Citation

Ghazali, Farahdilah and Ismon, Nur Yuhanis and Abdul Shukor, Siti Fazilah (2024) Energy transition toward a low-carbon economy in Malaysia: do we need a liberalizing electricity market? In: Regulating Fair Competition Toward Sustainable Development Goals. IGI Global, U.S.A, pp. 80-99. ISBN 24756644

Abstract

Some studies have found that liberalized electricity market led to acceleration of the development of renewable energy sector, particularly with community-based financing for local renewable projects in place. The idea of liberalization of electricity market focuses on the fair competition especially among the key players which subsequently entice more investment on infrastructures and reduce electricity tariff. Energy liberalization has dramatically enhanced monopoly utility governance, competition, innovation prospects, and the policy for environmental emissions management by creating trading mechanisms. This chapter discusses the practices of power liberalization, especially in Europe, regarding the benefits and challenges. Moreover, the chapter examines Malaysian practices in pursuing renewable energy programs to attain sustainability and energy security goals, which is also vital to support a more competitive energy sector.


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Additional Metadata

Item Type: Book Section
Divisions: School of Business and Economics
DOI Number: https://doi.org/10.4018/979-8-3693-0390-0.ch004
Publisher: IGI Global
Keywords: Low carbon economy; Clean energy; Liberalized electricity market; Competitive market
Depositing User: Ms. Nur Aina Ahmad Mustafa
Date Deposited: 17 Apr 2025 01:34
Last Modified: 17 Apr 2025 01:34
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.4018/979-8-3693-0390-0.ch004
URI: http://psasir.upm.edu.my/id/eprint/116868
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