Thailand imposes extra fees on blockchain-powered p2p energy producers

New regulations drafted by Thailand officials demand that electricity producers using blockchain be charged additional fees. Government regulators fear an explosion in independent power generation will lead to a reduction in revenue. Electricity Generating Authority of Thailand (EGAT) has demanded the fees be paid as a subsidy for potentially destabilizing effects blockchain technology brings, Nikkei Asian Review reports. “The number of household solar rooftop power generators is increasing rapidly. That’s why the Energy Regulatory Commission (ERC) needs to develop regulation that is fair for everybody,” declared ERC member Viraphol Jirapraditkul. There is a growing number of Thai companies leveraging distributed ledger technology (DLT)…

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https://ift.tt/2MPaVOe David Canellis September 06, 2018 at 06:00AM