National Energy Policy Committee approves expansion of public solar scheme to 10,000 megawatts, buying surplus power at 2.20 baht for 20 years

โดย HoonVision·TH·Read original
Summary · why it matters

The National Energy Policy Committee, chaired by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas, approved two key energy measures: guidelines to reduce electricity costs for the September–December 2026 billing period, and the expansion of the solar power generation programme for the public. Energy Minister Ekkanat Promphan said the Energy Regulatory Commission approved a retail Ft tariff of 16.23 satang per unit, with the Electricity Generating Authority of Thailand and PTT Public Company Limited temporarily absorbing accumulated arrears on behalf of the public, and with 16.127 billion baht in retained excess-benefit clawback funds to be used to reduce electricity costs through the Ft tariff. Natural gas commodity prices for power plants supplying the three state electricity utilities will be set at actual prices but capped at an average controlled price estimate of 363.53 baht per million BTU for the September–December 2026 period, with the difference between actual natural gas prices to be collected gradually from the May 2027 cycle onward under the supervision of the Energy Regulatory Commission. On promoting public solar power, the meeting approved expansion of rooftop, ground-mounted and floating installations under a Net Billing model, raising the total power purchase target to 10,000 megawatts, which includes the original 500-megawatt target. The amount of electricity offered for sale is capped at 5 kilowatts per meter, and the purchase rate for surplus electricity is set at 2.20 baht per unit for 20 years. Participants in the existing public solar programme, from the project under the Energy Policy Administration Committee resolution of 24 December 2018 and the National Energy Policy Committee resolution of 24 January 2019 onward, as well as the project under the National Energy Policy Committee resolution of 29 April 2026 under the 500-megawatt target, will also have their power purchase period extended from 10 years to 20 years. The National Energy Policy Committee assigned the Energy Regulatory Commission to issue and amend related regulations, announcements and criteria, and directed the Metropolitan Electricity Authority and the Provincial Electricity Authority to provide up-to-date data on electricity sales and purchases from renewable energy producers to the Electricity Generating Authority of Thailand so it can monitor and manage the power system efficiently and stably.

Impact on assets 2

Energy Transition & Power Demand▲ · 1 stocks
PTT Public Company Limited
PTT
± MixedRegulationrelevance

PTT is named as temporarily absorbing accumulated arrears on behalf of the public under the approved electricity-cost measures, a policy/regulatory burden with unclear net effect.

Others▼ · 1 stocks
⛏Natural Gas Futures
NATGAS
▼ NegativeRegulationrelevance

Natural gas prices for power plants are capped at an average controlled price of 363.53 baht per million BTU for Sep-Dec 2026, a regulatory price cap weighing on natural gas.

Theme Impact 2

Related news

United States
▲

ComEd and SunVest Energize Nearly 8-Megawatt Community Solar Array at DeKalb Taylor Municipal Airport

ComEd and Chicago-based solar developer SunVest have energized a nearly eight-megawatt community solar array sited at the DeKalb Taylor Municipal Airport, adjacent to the airfield. Sixty percent of the subscription capacity is dedicated to low-to-moderate income customers, with average customer savings of more than $300 per year, or nearly $11,000 over the 35-year lifetime of the project, while savings across all subscribers amount to $246,000 annually, or $8.61 million over the next three decades. The project generates $91,000 in site rent and $36,000 in property taxes to DeKalb County each year, with the vast majority of the property taxes dedicated to local schools under state law, and it helps fulfill the Illinois Power Agency's goal to construct community solar facilities on municipal lands. ComEd President and CEO Gil Quiniones said community solar projects like this one are a quick way to bring down costs by bringing more power onto the grid, and SunVest Solar CEO Bram Walters said the project saves lower-income residents on their power bills while providing new revenue for the community. Aided by state policy, solar has more than tripled in ComEd's northern Illinois service territory since the Clean Energy and Jobs Act took effect in late 2021, with 2.0 gigawatts of distributed energy resources now connected to ComEd's grid, including 85,000 solar and battery storage systems, and more than 280 community sites serving over 53,000 residential customers; ComEd anticipates having 420 community solar sites energized by the end of 2026, including 16 systems by SunVest.
About megatrends
Energy Transition & Power Demand › Solar ▲Supply
Commonwealth Edison Company (ComEd) · Regulation · Positive ComEd energized a nearly 8-MW community solar array, aided by state policy that has tripled solar in its territory since 2021.
SunVest · Demand · Positive SunVest energized the 8-MW community solar array and has 16 systems among ComEd's planned 420 community solar sites.
EXC · Regulation · Positive ComEd's parent benefits as state policy (Clean Energy and Jobs Act) drives solar growth in its territory, with the new 8-MW array adding to its grid.
Read original ↗
Business Wire·2dRead more →
Thailand
▲3

PTT Joins Forces with Royal Thai Air Force to Launch 3 Solar Projects, Cutting Power Costs by 52 Million and Carbon Emissions by 40,000 Tonnes

PTT, together with the Royal Thai Air Force, is driving forward the installation of solar power generation systems across 3 projects. These comprise floating solar power generation systems at the Air Operations Control Command and the 3rd Air Force Armament Factory of the Air Force Armament Department, and rooftop solar power generation systems at the Navaminda Kasatriyadhiraj Royal Air Force Academy within the Air Operations Control Command area of the Royal Thai Air Force. The projects operate under 25-year power purchase agreements. They help reduce the Royal Thai Air Force's utility expenses by approximately 52 million baht over the life of the projects and help cut greenhouse gas emissions by approximately 40,280 tonnes of carbon dioxide equivalent. Air Chief Marshal Wisut Somphakdee, Chairman of the Royal Thai Air Force Renewable Energy Committee, and Dr. Buranin Rattanasombat, Chief Operating Officer of the New Business and Sustainability Group at PTT Public Company Limited, jointly presided over the project opening ceremony. The initiative supports the use of environmentally friendly energy and drives Thailand's greenhouse gas reduction and Net Zero goals over the long term.
About megatrends
Energy Transition & Power Demand › Solar ▲Demand
Energy Transition & Power Demand › Firm Power & Transition Fuels ▲Demand
PTT.BK · Demand · Positive PTT signed 25-year power purchase agreements to install solar systems for the Royal Thai Air Force, a concrete new clean-energy project win.
Read original ↗
HoonSmart·2dRead more →
Thailand
▲3

Government approves state solar scheme for 1.5 million households with 75 billion baht budget, starting November 1

The government has finalised a state solar power scheme to support the installation of solar power generation systems for the public, covering a maximum target of 1,500,000 households with a total budget of 75 billion baht. Pol. Lt. Col. Pluphir Suwanchavi, Deputy Minister of Interior, disclosed that the project is divided into a first phase supporting 1,000,000 people with a budget of 50 billion baht, and a second phase covering another 500,000 people with a budget of 25 billion baht. The government will support installation at a rate of 50,000 baht per person, and holders of state welfare cards can take part. As for installation specifications, the maximum installed capacity is set at 10 kilowatts, with surplus electricity purchased back at 5 kilowatts at a price of 2.20 baht per unit under a 20-year contract. The criteria have also been adjusted from the previous limit of rooftop-only installations to cover ground-mounted and floating solar installations, provided there is an electricity meter in the area. For financing, the government will issue loans through three state banks: the Government Housing Bank, the Government Savings Bank, and the Bank for Agriculture and Agricultural Cooperatives, with interest of 2.5% per year and a repayment period of about 7 years. Registration is set to open on November 1. A letter proposing amendments from the Ministry of Interior is currently being forwarded to the screening committee and the subcommittee tasked with verifying the completeness of the project details.
About megatrends
Energy Transition & Power Demand › Solar ▲Demand
Energy Transition & Power Demand › Behind-the-Meter & On-site Power Demand
Bank for Agriculture and Agricultural Cooperatives (BAAC) · Demand · Positive BAAC is one of three state banks designated to issue loans for the solar scheme, gaining new lending business.
Government Savings Bank (ธนาคารออมสิน) · Demand · Positive Government Savings Bank is one of three state banks designated to issue loans for the solar scheme, gaining new lending business.
Read original ↗
ทันหุ้น·2dRead more →