FTI seeks clarity for renewables

Published onMay 24, 2018

The Federation of Thai Industries (FTI) has demanded a clear policy framework for purchasing renewable power, stressing that the feed-in tariff (FiT) rate should stay above 3 baht per kilowatt-hour (kWh), not 2.44 baht as the Energy Ministry requires. The higher rate, the FTI argues, is justified because green energy production has higher costs than its fossil-fuel counterparts. The proposal came after Energy Minister Siri Jirapongphan announced that the government would stop purchasing electricity from renewable power generators for the next five years…

…Suwat Kamolpanus, chairman of the FTI’s renewable energy industry club, said the FTI wants policymakers to announce the actual FiT rate so that investors can plan accordingly. “At the moment, we only understand that the 2.44-baht rate is an estimate, but only large power plants can support this rate, not small- or medium-sized ones,” he said. “Policymakers should specify the rate this year so there’s a fair policy for everyone.” Mr Suwat said investors just want to know that renewable energy is still worth their money, otherwise they will go abroad.

Source: https://www.bangkokpost.com/business/news/1462682/fti-seeks-clarity-for-renewables