Bangkok Solar Smart Power Generation System

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6 Frequently Asked Questions about “Bangkok Solar Smart Power Generation System”

Why is EGAT launching new smart grid centres in Thailand?

Thailand's state power company EGAT has taken the next step in its smart grid development with new centres to enhance the stability of the power system and support clean energy development.

What is the cheapest source of bulk electricity generation in Thailand?

Utility-scale solar is the cheapest source of bulk electricity generation in Thailand. The LCOE for solar in Thailand has declined sharply since 2019, thanks to falling solar equipment prices and increased deployment in the country.

What is BNEF's New Energy Outlook for Thailand?

BNEF has modeled two scenarios for Thailand's future power generation system up to 2050 under BNEF's New Energy Outlook. See New Energy Outlook 2025 (web | terminal) for more details.

How can Thailand manage its energy transition?

Thailand can manage its energy transition and solve the energy trilemma of sustainability, security and affordability by accelerating renewable power additions and grid capacity expansion, while limiting new thermal power capacity addition.

Will solar power increase Thailand's power generation capacity in 2050?

Under this scenario, Thailand's power generation capacity grows nearly eightfold from 2024 to 2050. Solar provides two-thirds of the added capacity due to its advantageous economics. Solar alone would provide more than two-thirds of Thailand's annual electricity generation in 2050 compared to only 16% for gas under the base-case scenario.

What is Thailand's power market?

Thailand's power market is an enhanced single buyer system, whereby the state-owned Electricity Generating Authority of Thailand (EGAT) is the main electricity generator and transmission system operator. EGAT also acts as the offtaker from independent power producers (IPPs).

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