Utility Costs for Blockchain Solar Power Producers to Pay Extra Fees in Thailand
Thailand’s Blockchain Solar Power Producers Pay Extra Fees Because of State Utility Losses
While the blockchain is helping many countries in the world to make progress, it also seems to be causing problems for some others like Thailand (at least for the government). Independent power producers in the country are using the blockchain technology to create and distribute power and they have been recently taxed by Thailand’s authorities.
Why? Because they are a threat to the state-run power generator of the country as they are starting to be a part of the competition. According to Viraphol Jirapraditkul, from the Energy Regulatory Commission (ERC) of the country, the new regulation that is being drafted will make these companies pay extra fees.
As they will impact the state-run energy production in the country, they will “share the burden” with the State. These fees will be used to cover expenses that the ERC will have to maintain and secure its energy grid.
According to the ERC, the number of households using solar energy is rapidly increasing and the mission of the commission is to create a legislation that is fair for everyone involved. At the moment, however, the commission did not reveal how much the solar power producers will have to pay in fees or when the fees will start to be charged from them.
The government seems to be worried that its public electricity system will be overrun by a private one and that the costs will get too high because the number of clients will diminish.
Solar Energy Is Growing In Thailand And The World
The use of solar energy is not only growing in Thailand but also in many countries of the world. For instance, Australia has recently seen the launch of Power Ledger, a company that uses blockchain technology to allow homeowners to sell their excess solar energy power or to buy it when they need it using P2P technology.
According to David Martin, Power Ledger’s managing director, this can be good for the consumer’s pockets and will enable them to trade renewable energy. This will lower the bills and create a market for the community in Australia.
Other similar initiatives include BCPG partnering with Sansiri to offer a blockchain-based solar power system in the capital of Thailand. At the moment, Thailand produces 130 MW of energy via solar panels and it is expected to rise to 230 MW by the end of the year.