The mean feed-in tariff for solar PV energy in Indonesia has shown a mixed trend from 2013 to 2023, with variations including a significant decline between 2013 and 2015, followed by periods of modest growth and stabilization. In 2023, the tariff value stood at 0.1 USD. Year-on-year analysis highlights a trend of slight increase in recent years, with a 2.49% rise in 2023. The average annual variation (CAGR) over the last five years was 2.55%, indicating steady growth.
Future trends to watch for include:
- Continued modest growth in tariffs, as indicated by a forecasted 5-year CAGR of 1.71%.
- Potential impacts of government policies and international energy market dynamics on future tariff adjustments.
- Technological advancements in solar PV that could influence tariff rates positively or negatively.
- Increasing investments and incentivization of renewable energy sources which may further stabilize or boost tariffs.