The three countries use several instruments to increase renewables investments, namely the Feed- in-Tariff, Feed-in-Premium, and auction system. The FIT system proves effective in boosting renewables development in Germany. The auction system which has been effectively implemented since 2017 has helped further reduce the renewables generation costs in Germany. The Feed-in-Premium which is added on top of market prices also provides incentives for investors to develop renewables projects in Germany.
While current renewables tariffs (85% of BPP) in Indonesia are deemed insufficient to develop new Figure 44.
Architecture of Indonesia Renewable Energy Fund
renewables projects and hence unattractive for investors and developers. To reveal the real cost of renewables, Indonesia could use the reverse auction system to set FIT for utility-scale projects. The same mechanism had been successfully implemented by China in the past. A well-designed auction system has to ensure that sufficient competition and transparency are present. The auctions should be conducted by an independent regulator explained above. Meanwhile, the small-scale renewables projects could remain using the FIT system with pricing varies according to the technology type.
CHAPTER 1 AND CHAPTER 2
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