The Indonesian government continues to implement several policies to solve the power crisis and improve the performance of the power sector. However, the recent regulations have caused dismay among the industry players. Project terms are generally becoming less attractive, following the recent revisions of the power purchase agreements (PPAs). Meanwhile, the new renewable energy price benchmark will make several projects uneconomic. We have maintained our forecast that coal will continue to dominate the fuel mix, with gas in second place. On a brighter note, the electricity subsidy removal has been quite successful and the measure was extended to a wider consumer group.