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In Thailand Are Charged Additional Fees From Electricity Manufacturers Which Use Blockchain

In Thailand Are Charged Additional Fees From Electricity Manufacturers Which Use Blockchain

Thai officials have developed new regulations that require electricity producers who use the blockchain to charge additional fees. Regulators in the government fear that an explosion in independent electricity production can lead to a reduction in revenues.

Recently, the Thai Electricity Authority called for the payment of fees as a subsidy to counteract the potentially destabilizing effects caused by blockchain technology.

In Thailand, the number of solar-powered household generators is growing at a fast pace, and the Energy Regulatory Commission has been asked to develop rules that make energy production fair for everyone.

An increasing number of Thai companies are using the distributed ledger technology to provide homeowners with the opportunity to profit from solar systems on the roof.

As markets continue to grow, less and less electricity is purchased directly from large state-owned utility companies, which ultimately means less power for the traditional energy sector. This has led some to predict that we are witnessing a decentralization revolution, and experts suggest that this may be one of the most important trends in the history of mankind.

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