Who buys electricity in Thailand?
It is the principal purchaser of electricity in Thailand and sells all the power it generates or purchases (from private power producers and neighboring countries) to two state-owned enterprises: the Metropolitan Electricity Authority (MEA) and the Provincial Electricity Authority (PEA).
What is Thailand's power market?
Source: BloombergNEF, Energy Regulatory Commission. Thailand’s power market is an enhanced single buyer system, whereby the state-owned Electricity Generating Authority of Thailand (EGAT) is the main electricity generator and transmission system operator. EGAT also acts as the offtaker from independent power producers (IPPs).
How can Thailand manage its energy transition?
Thailand can manage its energy transition and solve the energy trilemma of sustainability, security and affordability by accelerating renewable power additions and grid capacity expansion, while limiting new thermal power capacity addition.
Can Thailand accelerate deployment of battery-based energy storage?
To overcome variability of renewables, Thailand can accelerate deployment of battery-based energy storage. Solar paired with batteries already has a lower LCOE than new thermal power plants.
Can Thailand use energy storage?
Although Thailand is a regional leader in renewable energy, its use of energy storage is nascent. EGAT undertook some studies on the potential for energy storage and is piloting three battery energy storage installations. One is located alongside a solar project in Mae Hong Son Province to improve power supply stability.
Does Thailand offer private sector participation in renewable electricity generation?
The Government of Thailand has opened access for private sector participation in the renewable electricity generation business through its programs for small and very small power producers.
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