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Merit Order as a Generation Portfolio Optimization Mechanism in PLN and PLN Nusantara Power

PLNおよびPLNヌサンタラ・パワーにおける発電ポートフォリオ最適化メカニズムとしてのメリットオーダー (AI 翻訳)

Akhmad Rifkyansyah, Rahmat Setiawan

International Journal of Economics and Management Research📚 査読済 / ジャーナル2026-04-04#エネルギー転換経営インパクト: コスト削減対象セクター: power
DOI: 10.55606/ijemr.v5i1.822
原典: https://ijemr.asia/index.php/ijemr/article/download/822/717
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🤖 gxceed AI 要約

日本語

本論文は、インドネシアの電力会社PLNおよびPLN NPにおけるメリットオーダーの役割を、運用効率、電力購入契約(PJBTL)構造、デジタル変革の3側面から分析する。系統的文献レビューの結果、メリットオーダーは熱効率指標や信頼性指標を統合した「ハイブリッド型」へ進化し、デジタルプラットフォームが活用されている。また、PJBTLの構造はメリットオーダーの有効性に二面性を持つことが示された。

English

This study analyzes the role of the merit order in PLN and PLN Nusantara Power, linking operational efficiency, Power Purchase Agreement (PJBTL) structure, and digital transformation. Using a systematic literature review, it finds that the merit order has evolved into a hybrid model integrating thermal efficiency and reliability indicators, supported by digital platforms. The PJBTL structure has ambivalent effects on merit order effectiveness.

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

📝 gxceed 編集解説 — Why this matters

日本のGX文脈において

本論文はインドネシアの事例であるが、ハイブリッド型メリットオーダーとデジタルプラットフォームの活用は、日本でも電力システムの効率化や需給調整力の向上に示唆を与える可能性がある。

In the global GX context

This paper provides a case study of Indonesia's evolving merit order mechanism, integrating efficiency, reliability, and digital tools. It offers insights for emerging economies and utilities worldwide seeking to optimize generation portfolios under diverse contract structures.

👥 読者別の含意

🔬研究者:Researchers interested in generation dispatch optimization and the interaction between power purchase agreements and operational efficiency may find the hybrid merit order concept valuable.

🏢実務担当者:Practitioners at power utilities, particularly those involved in dispatch operations and contract management, can learn from the Indonesian experience with digital platforms and PJBTL structures.

🏛政策担当者:Policymakers designing electricity market regulations or power purchase frameworks may consider the ambivalent effects of long-term contracts on dispatch flexibility.

📄 Abstract(原文)

This study aims to analyze the role of the merit order as a portfolio optimization mechanism for power generation within PLN and PLN Nusantara Power (PLN NP) by linking three key dimensions: operational efficiency, the structure of Power Purchase Agreements (PJBTL), and digital transformation. The method employed is a Systematic Literature Review (SLR) of journal articles, corporate reports, regulations, and official documents related to merit order, PJBTL, generation portfolio strategy, and the digitalization of Indonesia’s electricity system over the period 2010–2025. The findings indicate that the implementation of the merit order in PLN and PLN NP has evolved from a classical model based solely on marginal cost into a “hybrid merit order” that integrates thermal efficiency indicators (SFC, NPHR), unit reliability (EAF, EFOR), and generation mix, supported by digital platforms such as Dispatch Optimization, i-CORE, and the Nusantara InnoVision Center. The PJBTL structure is found to be ambivalent: IPP contracts based on take-or-pay schemes and long-term primary energy contracts limit dispatch flexibility and reduce the effectiveness of the merit order, while PJBTL arrangements with industrial customers contribute to stabilizing base load and expanding operational flexibility. From a commercial perspective, this study confirms that growth in electricity sales only improves performance when additional demand is supplied by low-cost units that are competitive within the merit order. Otherwise, increased TWh sales risk becoming “pseudo-growth,” where production costs (BPP) remain high and margins do not significantly improve.

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