Bangkok energy storage policy

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 have a solar power plan?

“The program is rather unexpected given the lack of such in [Thailand’s Power Development Plan] 2018-37,” Moritz Sticher, a senior adviser at Berlin-based consulting firm Apricum, told pv magazine. The regulation introduces a 25-year FIT of THB 2,1679 ($0.057)/kWh for solar and a 25-year FIT of THB 2,8331/kWh for solar plus storage.

Does Thailand buy electricity from Laos?

Governmental authorities from Thailand and Laos signed a MOU in March 2022 whereby Thailand agreed to increase its purchases of electricity from Laos. In 2022, imported electricity (mainly from Laos) replaced coal and lignite as the second largest source of power consumed in Thailand, accounting for approximately 17% of the country’s total.

Does Thailand rely on fossil fuels?

Thailand continues to rely heavily on fossil fuels, though the role of renewables (including imported hydropower) occupies an increasingly expanding segment of Thailand’s energy mix.

Will Thailand rely on LNG?

Increased reliance on LNG. Production in Thailand’s largest gas fields will continue to fall off over the coming decades, while it is unlikely that pipeline gas can be increased significantly beyond its current levels. Accordingly, the only way for Thailand’s natural gas needs to be met will be through LNG imports.

Is Thailand a good place to invest in rooftop solar?

Thailand’s rooftop solar industry is still young, and there remain numerous opportunities for Developers to seize. In addition to C&I customers, residential consumers and small retailers present another great opportunity for Developers in the country.