Asia-Pacific
With a power score of 2.06, Malaysia ranks number 38 among Emerging Markets and number 10 in the Asia-Pacific region
Power score
2.06/5
Score over time
2021 - 2024
Malaysia has a power score of 2.06, which puts it at rank 38 in the Emerging Markets power ranking. In comparison to 2023, Malaysia has dropped in the power rankings by 17 places, from rank 21, to rank 38.
At 2.06, the power score of Malaysia is better than than the regional average of 1.94 in the Asia-Pacific region and puts it at rank 10 in the region.
Malaysia implements policies in 7/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Net metering, Import tax incentives, Priority grid access, and Renewable Energy Certificates.
The average electricity price in Malaysia has dropped from 78.19 USD/MWh in 2022 to 73.26 USD/MWh in 2023. Since 2017, the average electricity price in Malaysia has fluctuated between 73.26 USD/MWh (2023) and 85.33 USD/MWh (2018).
The top amount of capacity installed in Malaysia in 2023 was in Coal at 38.72%, down from 39.46% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 3.85%, up from 3.15% in 2022.
The top amount of electricity generated in Malaysia in 2023 was in Coal at 43.87%, up from 40.59% in 2022.
Investment in clean energy in Malaysia was around $704.64 million in 2023, an increase of 103.97% from 2022 ($345.46 million). Between 2018 and 2023, the highest investment in clean energy was in 2023 at $704.64 million, while the lowest was in 2019 with $328.84 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.