REPORT

Indonesia considers using coal to set consumer power prices

Consumer electricity prices are currently calculated based on the Indonesian Crude Price (ICP).
* Indonesia is considering using local coal benchmark to set prices for electricity for consumers, the country’s energy minister said on Thursday, to reflect the main fuel source in the country’s energy mix
* Consumer electricity prices are currently calculated based on the Indonesian Crude Price (ICP)
* Change being considered because approximately 60 percent of Indonesia’s power produced with coal, and this unlikely to change until 2025, Energy and Mineral Resources Minister Ignasius Jonan said
* Diesel use for power generation is diminishing, he added
* The Indonesian Coal Benchmark Price (HBA) is a monthly average of Argus-Indonesia Coal Index (ICI-1), Platts Kalimantan 5,900 assessment, Newcastle Export Index and globalCOAL Newcastle index from previous month

https://energy.economictimes.indiatimes.com/news/coal/indonesia-considers-using-coal-to-set-consumer-power-prices/62659289

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