- Authors
- Ernst Kuneman (Agora Energiewende), Gustavo De Vivero (NewClimate Institute), Dr. Phimsupha Kokchang (Energy Research Institute, Chulalongkorn University), Christine Juta (Agora Energiewende), Suttida Vanaphongsai (Agora Energiewende), Chetna Hareesh Kumar (NewClimate Institute)
- Publication date
-
28 October 2024
- Pages
- 156
- Project
- This publication was produced within the framework of the project Clean, Affordable, and Secure Energy System in Southeast Asia (CASE).
Electricity market designs in Southeast Asia
Harnessing opportunities for renewable energy growth in Indonesia, Thailand, Viet Nam and the Philippines
Preface
This report identifies market and regulatory opportunities to scale solar and wind power investment in Indonesia, Thailand, Viet Nam and the Philippines and integrate variable electricity supply cost-effectively.
Southeast Asia is emerging as a global economic powerhouse, attracting record levels of foreign investment. With abundant renewable energy potential and growing investor interest, the region is well-positioned for a rapid expansion of solar and wind power. While some countries are already making strides, there is vast untapped potential for further growth across the region.
The need for power system expansion in Southeast Asia's growing economies has meant that policymakers and system planners traditionally looked to fossil-fuel baseload power plants to meet increasing electricity demand. However, this approach is no longer cost-effective and a shift in strategic direction appears to be underway.
The findings of this report reveal that Southeast Asia’s major economies can deploy renewables at scale and speed without drastic system changes but with targeted reforms to planning, procurement routes and the terms of power purchase agreements. Doing so effectively, the report underlines, requires fossil fuel fleets to be reorganized according to the system services they can deliver – supporting larger shares of renewable energy and paving the way for cleaner, more resilient power systems.
