Bangkok energy storage equipment installation subsidy

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6 FAQs about Bangkok energy storage equipment installation subsidy

How much do Thailand's electricity subsidies cost?

Pricing information is difficult to access when vertical integration exists. a comprehensive assessment of thailand's subsidies to electricity consumers was beyond the scope of this study. the International energy agency estimated thailand's electricity subsidies at us$5.67 billion (thb 173 billion) in 2011 (International energy agency, 2012).

Which energy products are subsidized in Thailand?

In thailand, consumer subsidies exist for five energy products: lPG, natural gas for vehicles (nGv), diesel, electricity and biofuel blends. In the case of lPG, the government sets an ex-refinery price that is below the cost of production or acquisition on the world market.

How much is fit for solar in Thailand?

In an unexpected move, the government of Thailand has introduced a feed-in-tariff (FIT) of THB 2,1679 ($0.057)/kWh over 25 years for solar and a 25-year FIT of THB 2,8331/kWh for solar plus storage.

What is the FIT scheme in Thailand?

The FiT scheme is a key aspect of Thailand's renewable energy policy, guaranteeing fixed prices for energy generated from renewable sources. This policy reduces the financial risk associated with renewable energy projects, making them more appealing to potential investors.

Could a sodium-ion battery be a new business opportunity in Thailand?

The Federation of Thai Industries' Renewable Energy Industry Club sees potential in sodium-ion battery (SIB) production as an alternative to lithium-ion batteries. SIBs, made from rock salt, could offer a new business opportunity given Thailand's abundant rock salt reserves.

Why have Thai governments removed energy subsidies?

In recognition of these downsides to energy subsidies, successive thai governments have gradually removed many price controls. In recent years, declining domestic production of energy, growing energy demand and volatile international fuel prices have focused the minds of government and the public on the remaining fuel subsidies in the thai economy.

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