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Hongrat Jungwanitchakun

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Hongrat Jungwanitchakun is an Associate in Baker McKenzie, Bangkok office.

On 20 September 2024, the Energy Regulatory Commission issued the Regulations for the Purchase of Electricity from Renewable Energy Sources under a Feed-in-Tariff Scheme Commissioning between 2022-2030 for Power Plants with No Fuel Costs B.E. 2565 (2022) (Additional) B.E. 2567 (2024), setting out the requirements, terms and conditions for private sector participation in the upcoming 2024 RE Waitlist Scheme.

After much buzz and anticipation in the Thai energy industry, the Energy Regulatory Commission has finally published (i) the official Regulations for Purchasing Electricity from Renewable Energy Sources under a Feed-in-Tariff Scheme between 2022-2030 for Power Plants with No Fuel Costs on 27 September 2022, and (ii) the official Invitation Notifications for Purchasing Electricity from Renewable Energy Sources under a Feed-in-Tariff Scheme between 2022-2030 for Power Plants with No Fuel Costs, specifying the bidding process and timeline of each type of renewable power plant on 30 September 2022. In keeping with Thailand’s commitment to increase renewable energy’s share in the country’s overall power mix to at least 50% by 2050 and achieve carbon neutrality and net-zero greenhouse gas emissions by 2050 and 2065, respectively, the government will be accepting bids in November to purchase power generated from renewable energy sources in the years between 2024 to 2030.