The use of renewable energy in Indonesia has been started since 2004 through green energy policy. But until now the increase of renewable energy in energy mix has not shown a significant increase. Renewable energy pricing scheme are indicated to be one of the causes of the problem. High renewable energy price and the frequent policy revisions rapidly make stakeholders worry about investing. This study aims to analyze the renewable energy pricing policies for electricity generation based on policy stability, policy adequacy and contextual framework using the post positivism approach. Primary data by in-depth interview and secondary data were taken through journal related and official report. This research was taken in the period September 2018 until August 2019. This research found that the absence of stability of renewable energy pricing policy has significant consequences on investor choices to invest or not. The absence of renewable energy law and low return on investment are the others consideration of stakeholder to investing in the renewable energy sector. There is no similarity in point of view principle of justice in renewable energy price concept make stakeholder feel their interest have not been accommodated in the policies formulated by the government.
|Journal of Southeast Asian Medical Research
|Published - 2020