Executive Summary

Key insights and market outlook

The Indonesian government has decided not to raise electricity tariffs for non-subsidized customers in the first quarter of 2026 ¹

²³. This decision aims to maintain economic stability and purchasing power for the public at the beginning of the year. The tariff adjustment is based on the Ministry of Energy and Mineral Resources Regulation No. 7/2024, which considers macroeconomic parameters such as exchange rates, Indonesian Crude Price (ICP), inflation, and Coal Reference Price (HBA).

Full Analysis

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Deep Dive Analysis

Indonesian Government Decides Not to Raise Electricity Tariffs in Q1 2026

Background and Rationale

The Indonesian government has made a significant decision regarding electricity tariffs for non-subsidized customers in the first quarter of 2026. According to the Ministry of Energy and Mineral Resources, the tariffs will remain unchanged ¹

²³. This decision is based on the Ministry of Energy and Mineral Resources Regulation No. 7/2024, which considers macroeconomic parameters such as exchange rates, Indonesian Crude Price (ICP), inflation, and Coal Reference Price (HBA) ¹.

Impact on the Public and Economy

The decision not to raise electricity tariffs is expected to have a positive impact on economic stability and purchasing power for the public at the beginning of the year ²