P2P power model for rural areas: Renewables the main target under proposal (Thailand)

Published onAugust 8, 2019

The Energy Ministry plans to promote a peer-to-peer (P2P) power trading model for private companies to decentralise the country’s power generation system in line with the new version of the power development plan (PDP) for 2018-37. Energy Minister Sontirat Sontijirawong said Thai companies will have more chances to participate in this project, but the government will require companies to form joint ventures with small communities. Renewable power will be a key resource in P2P power trading — including biomass, biogas, waste and solar — depending on the potential in each province. “Before starting this decentralisation plan, the ministry has to study local communities’ power-distributing infrastructure and transmission lines, then it can set up and design P2P power trading,” Mr. Sontirat said. “The project will be open for participation from businesses of all sizes that are interested in the electricity value chain, so peer-to-peer power trade can combine blockchain, smart power meters and a new sandbox for the power business.”

Source: https://www.bangkokpost.com/business/1722215/p2p-power-model-for-rural-areas