The Energy Ministry of Thailand has revealed plans to promote a peer-to-peer (P2P) power trading model for private companies. The goal is to decentralize the country’s power generation system as outlined in the Power Development Plan (PDP) for 2018-37.
To design and set up systems for P2P power trading, the ministry will study power-distributing Infrastructure and transmission lines in local communities. The trading could use blockchain and involve smart power meters and a new sandbox for the power business. The project will be open for participation from businesses of all sizes. The government will require companies to form joint ventures with small communities. Revenue and profits will be shared with locals. Renewable power such as biomass, biogas, waste and solar, is expected to become a key resource in P2P power trading.
The government is expected to allocate the initial budget for the peer-to-peer power trade, while private companies will be responsible subsequently for the model’s investment, management and operations.
(Source: Bangkok Post)