Investor Presentaiton slide image

Investor Presentaiton

REGULATION MEMR Reg No.49/2018: Long awaited regulation of rooftop PV failed to meet expectations Stakeholders have expressed their disappointments since the release of the Ministerial Regulation on rooftop solar power system. The new regulation is perceived as a way to discourage the mass use of rooftop solar PV despite the huge potential of this technology as low-hanging fruit to meet the 23% renewables target. PLN officials suggested that the rooftop PV is mainly for regions with unreliable power supply instead of major cities in Java. However, with no differentiation in electricity tariffs, users in remote areas will be put in a disadvantageous position as they will get less compensation (and longer payback period) compared to users in big cities as the solar PV prices are higher in remote areas due to logistic costs. Unattractive scheme PLN will only compensate 65% of electricity exported by rooftop solar PV, much smaller than the expected 1:1 scheme. This results in a longer payback period of 11 - 12 years, compared to 7-8 years under 1:1 scheme. Additionally, there are capacity charge and emergency charge for industrial users. Capacity cap The rooftop solar PV system cannot exceed grid-tied capacity. Quarterly restart The electricity exported will offset the import. If export is higher than import, the balance can be accumulated up to 3 months before being nullified. Under previous PLN regulation, the balance was restarted annually. Transparency If the application for net metering scheme is rejected, PLN is not obliged to disclose the reason of rejection. Moreover, PLN is also not required to install the net metering within specific time once the application is approved. PLN, however, has to install the metering device within 15 days after the applicant submits fit for operation certificate. IESR (Institute for Essential Services Reform) | www.iesr.or.id 19
View entire presentation