Blockchain-enabled independent power producers in Thailand pose such a threat to the state-run power generator and distributor that they will be required to pay extra in order to cushion the state utility from the disruption.
According to Viraphol Jirapraditkul, a member of Thailand’s Energy Regulatory Commission (ERC), new regulations are currently being drafted which will see the blockchain-enabled solar power producers charged extra. This is with a view of assisting the Electricity Generating Authority of Thailand withstand the impact of competition that is set to come as the growth of independent power production in the country booms.
Sharing the Burden
Initially reported by the Nikkei Asian Review, the proposed fee that the blockchain-enabled power producers will be charged will be used to cover the expenses that the Electricity Generating Authority of Thailand incurs in securing and maintaining the grid.
“The number of household solar rooftop power generators is increasing rapidly. That’s why the ERC needs to develop regulation that is fair for everybody,” said Jirapraditkul.
However, no information has been provided regarding how much the solar power producers will be charged or even when the fees will come into effect.
As previously reported by CCN, Thailand has seen a growing number of firms using blockchain to assist homeowners and other independent power producers make money from the solar panels mounted on their roofs by enabling blockchain-based peer-to-peer marketplaces. This has had the effect of cutting the Electricity Generating Authority of Thailand out of the market.
Consumer-Friendly and Environment-Friendly
Late last month, for instance, Australia’s blockchain-based P2P energy marketplace, Power Ledger, started trials in Bangkok allowing homeowners to sell the excess solar electricity they generate as well as buy the same when experiencing shortfalls. The trials are being conducted in partnership with BCPG, a unit of government-owned oil refiner Bangchak.
According to the managing director of Power Ledger, David Martin, this will not only be good for the environment but also for consumers’ pockets.
“By enabling trade in renewable energy, the community meets its own energy demands, leading to lower bills for buyers, better prices for sellers, and a smaller carbon footprint for all,” Martin was reported as having said in an interview as CCN reported at the time.
Rising Production
Other initiatives include BCPG partnering with Sansiri, a real estate developer with a view of offering a blockchain-based solar power system in Thailand’s capital which has a power generation potential of 635kW. Additionally, solar panel installer Banpu Infinergy is also developing a blockchain-based platform.
Currently, the amount of solar electricity that is generated by households in Thailand has reached 130 MW and by the close of this year, the figure is expected to hit 230MW.
Featured image from Shutterstock.
Follow us on Telegram or subscribe to our newsletter here.
• Join CCN’s crypto community for $9.99 per month, click here.
• Want exclusive analysis and crypto insights from Hacked.com? Click here.
• Open Positions at CCN: Full Time and Part Time Journalists Wanted.
Author: Mark Emem
Source link
Martin Keown runs the rule over Manchester United’s potential new signings and Liverpool’s latest acquisition as England’s Under 21 side scrambled a draw against Spain. Scouting report: How United and Liverpool’s new signings fared on U21 duty
With Tottenham still bottom of the Premier League despite taking seven points from their last three matches, Harry Redknapp might think his team could do without the UEFA Cup. Spurs are up for the UEFA Cup but survival is still Harry’s game
Leicester City defender Christian Fuchs has revealed how Claudio Ranieri came to his birthday party twice. The Italian manager got the dates for a restaurant celebration mixed up Leicester City defender Christian Fuchs reveals Claudio Ranieri came to his birthday party twice… after Italian manager got dates for restaurant celebration mixed up
Sergio Aguero looked in relaxed mood as he warmed up for Manchester City’s crucial clash against West Brom on Monday night with a round of golf. Sergio Aguero prepares for Man City’s crucial title run-in… with a relaxing round of golf
… [Trackback]
[…] Find More on that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] There you can find 44775 more Info on that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] Find More here to that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] Read More Information here on that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] Find More here on that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] Find More Information here on that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] Find More to that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] Find More to that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] Read More here on that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] Information to that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] There you will find 15950 more Information on that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] Information to that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]
… [Trackback]
[…] Read More Info here on that Topic: tradingbtc.com/2018/09/07/thailands-blockchain-solar-power-producers-face-extra-fees-to-offset-state-utility-losses/ […]