SET inks MoU with EGAT to foster wholesale electricity market, towards ASEANs power trading hub

Event Calendar Press Releases Wednesday September 4, 2019 13:16
Bangkok--4 Sep--SET

The Stock Exchange of Thailand (SET) today signs a Memorandum of Understanding (MoU) with the state-owned Electricity Generating Authority of Thailand (EGAT) to jointly study product or platform development to prepare for wholesale electricity market, paving the way to become the electricity trading hub of ASEAN.

SET Senior Executive Vice President Soraphol Tulayasathien said that the MoU with EGAT aims to conduct the study on the reliable product or platform development to cater to the wholesale electricity market. SET has realized that a mechanism to maximize electricity management efficiency is important for both power producers and consumers.

"The cooperation is also in accordance with SET's vision "To Make the Capital Market 'Work' for Everyone". SET has continuously joined forces with every sector to develop capital market basic infrastructures, products and services that keep pace with the global market, while opening new business opportunities. Nowadays, business from all corners of the world, including utility which is the country's important basic infrastructure, must embrace for change stemmed from the competitive landscape," added Soraphol.

EGAT Deputy Governor - Administration Bhawana Aungkananuwat said that the purpose of this cooperation is to prepare for a new type of wholesale electricity market trading platform namely Capacity Market; a 3 - 5 years in advance capacity trading, and Energy Market; a daily energy trading, in order to support being the center of regional electricity trading. Moreover, it will help prepare for market liberalization and promote competition in the energy industry. The cooperation covers the study of the development of wholesale electricity market trading platform, energy industry model, energy trading mechanism, and wholesale power purchase agreement (both in advance and during the day). The cooperation between the two organizations is the start of energy industry development which uses market mechanism to increase energy management efficiency, ability to compete, and overall economy of the country.

The MoU covers one year period starting on from September 4, 2019-September 3, 2020. Both parties will jointly study readiness and develop business model for the wholesale electricity market, support information, and exchange knowledge for the benefit and progress of the study.

Latest Press Release

Alibaba, Universal Beijing Resort Announce Strategic Partnership to Redefine Theme Park Experience in China

Alibaba Group (NYSE: BABA) and Universal Beijing Resort today announced a strategic partnership to pioneer a next-generation theme-park experience through applications of innovative technologies and digitization of the entire resort operation. The...

Online spend in Southeast Asia to outpace the growth of digital consumers by a factor of 3: Facebook and Bain study

New study highlights 'discovery' as a key driver of growth for businesses looking to succeed in the world's fastest-growing digital economy Increasing choice, better internet access, and rising affluence will continue to drive more spend online in...

Denla British School Launches Pre-EY1 Center DBS Mini Dragons Highlights on English Language - Well-Rounded Development - Social Interactions - Promise to Pave Way for Young Kids to Grow Up into Quality Happy Leaders

- Programme quality guaranteed by 100% highly-qualified native English speaking teachers, plus Play-Based Learning that allows kids to learn happily for maximum potential development in 7 aspects Denla British School (DBS), a premium international school...

If You Think Email Is Dead, Think Again

When it comes to the biggest trends in marketing today, our industry is obsessed with channels such as social, voice and augmented reality as the means for reaching today's modern audience. And while each plays an important role in the customer journey,...

Photo Release: KBTG holds TechJam 2019 contest

Recently, at SID, the 3rd floor, Siam Square One, Mr. Ruangroj Poonpol, second from left, Chairman of KASIKORN Business-Technology Group (KBTG), presided over a press conference to announce the TechJam 2019 contest organized under the "Deep Jam" concept...

Related Topics