1、THAILAND INDUSTRY OUTLOOK 2021-23POWER GENERATION April 2021Narin T+662 296 29431Over the period 2021-2023,the power generation sector will grow,supported by greater demand for electricity(a projected rise of 2.8-3.8%per year).In addition,the sector will be driven by the governments investment suppo

2、rt measures under the Power Development Plan and Alternative Energy Development.With this,we anticipate greater investment from players in the rooftop solar,biomass,biogas,and waste-to-energy segments.These players will benefit from government support that will take the form of a steady increase in

3、electricity purchases during 2021-2024,and they would also be more competitive with better cost-control and access to raw materials.However,competition is expected to stiffen,with this coming from both large players that are stepping up the level of their investments and new entrants to the market t

4、hat are backing renewables,and as such,operators will see only moderate growth in revenue.OverviewThailands power generation industry is structured in line with the enhanced single-buyer model with state bodies being the sole buyers and distributors of power through the national grid.The Electricity

5、 Generating Authority of Thailand(EGAT)is both a producer and,by purchasing power from private-sector independent power producers(IPPs)and small power producers(SPPs),a buyer of electricity.It also has a monopoly in the distribution of electricity in the country.In addition,the Metropolitan Electric

6、ity Authority(MEA)and the Provincial Electricity Authority(PEA)are responsible for distributing power as well as buying electricity from very small power producers(VSPPs)(Figure 1).Krungsri ResearchThe most important features of the Thai electricity generation industry are as follows:(i)Unlike other