Cost Effectiveness in Renewable Energy Investment Supported by Government Electricity Generating Investment System
Abstract
The research on Cost Effectiveness in Renewable Energy Investment Supported by Government Electricity Generating Investment System has two purposes: 1) to compare cost effectiveness in renewable energy investment and 2) to study problems and barriers in renewable energy investment supported by government electricity generating investment system. This qualitative research findings were that three types of energy : solar energy, wind energy and biomass energy had cost effectiveness in renewable energy investment because the government could set the policy of purchasing and choosing the balance of feed-in-Tariff in terms of reductions of government expenditure and sustainability of renewable energy for business without having significant impacts both for business and consumers and there was no advantages and disadvantages in purchasing renewable energy when comparing cost effectiveness in renewable energy. This was because there were analyses of feasibility study and finance prior to the investment. However, there were several problems and barriers of renewable energy business 1) production cost per unit was rather in high level 2) problems of laws, notices, rules and criteria of purchasing electricity related to renewable energy business 3) problems of management and electricity licensing 4) problems of complicated structuring authority of renewable energy 5) limitations of distribution system 6) insufficiency of research development 7) problems of laws in installing power plants in the area 8) problems of overlapping energy business 9) problems of fundamental structures and 10) problems of financial support in renewable energy investment. Thus, government should take a quick action in solving such problems so that renewable energy can compete with fossil energy in the future. Keywords: cost effectiveness, renewable energy, investment supported by government electricity generating systemReferences
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Retrieved June 16, 2017, http://www.eppo.go.th/images/Power/pdf/FT-history/FiT_2015.pdf.(in Thai)
Chanika Panjabuddhanon and Rattaphong Sonsuphap. (2016). The Problem and obstacle of solar energy
Development. VRU Research and Development Journal, 11(3), p.11-20. (in Thai).
College of Alternative Energy Maejo University. (n.d). Alternative energy situation. Retrieved from
http://aookaui.fireexit.co.th/MJUnew/pro_detail/4/4-Chapter-1.pdf.
Department of Alternative Energy. (n.d). Project Evaluation Tool. Retrieved from
http://www2.dede.go.th/webpage/tools.htm). (in Thai).
Department of Alternative Energy Development and Efficiency. (2011). Development and investment guide for
alternative energy biomass energy. (1st ed). Bangkok: Author. (in Thai).
Department of Alternative Energy Development and Efficiency. (n.d). Renewable Energy and Alternative Energy.
Retrieved from http://www.enconfund.go.th/pdf/100044.pdf.
Energy for the Environment Foundation. (2014).Renewable Energy Development. Bangkok: Author. (in Thai).
Energy Regulation Commission. (2015). Renewable Energy Policy in Feed-in Tariff. Retrieved from
http://www.eppo.go.th/images/Power/pdf/FT-history/FiT_2558.pdf. (in Thai).
Greed is Goods. (2017). What is Return on Equity?. Retrieved October 23, 2017, from
http://greedisgoods.com/roe-return-on-equity/. (in Thai)
Kanok Kromjit and Kientyut Kaveeyan. (2011). Renewable Energy for Thailand under the Global Warming Crisis.
Bangkok: Kasetsart University Research and Development Institute.
Ministry of Energy and Chiang Mai University, (n.d.). Situation energy. Retrieved from
http://www.thailandenergyeducation.com/assets/media/A002.pdf.
Ministry of Energy. Department of Alternative Energy Development and Efficiency. (n.d.) Development and
Investment Guide for Power Generation Replacement of the 1st set of wind power. Bangkok: Author., 24. (in Thai).
Ministry of Energy. Department of Alternative Energy Development and Efficiency (2015) Renewable energy
and energy development plan Bangkok: Author, 1. (in Thai).
National Institute of Development Administration. (n.d). Solar energy. Retrieved June, 15, 2016 from
http://www.green-energy-th.com/solar/. (in Thai).
National Institute of Development Administration. (n.d). Wind energy. Retrieved June, 15, 2016 from
http://www.green-energy-th.com/wind/. (in Thai).
Natchaya Trachu. (2010). Cost and Return analysis of BANDIN Resort Project. (Management Accounting).
Graduate School of Commerce, Burapha University, Chonburi.
Niwet Hemwacharakorn. (2009). Analysis of VI (Initial) Stock. Retrieved June, 12, 2016 from
http://www.sarut-homesite.net/ Analysis of stock -vi-step/. (in Thai)
Yanayut Ponchoosakulwong, Sakchai Rakkarn, Papon Srikomchai and Ananya Chindavatana. (2014). Feasibility
study of the solar power farm case study: Kutrang Mahasarakarm. Kasem Bundit Engineering Journal,
4(1), p.41-57. (in Thai).
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Published
2018-01-31
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Research Article
