Government Accelerates Revision of Presidential Regulation on Energy Buffer Reserves

Jakarta (ANTARA) - Secretary General of the National Energy Council (DEN), Dadan Kusdiana, stated that the government is accelerating the revision of Presidential Regulation (Perpres) No. 96 of 2024 on Energy Buffer Reserves (CPE). “The government or DEN wants to expedite this so that the CPE can be implemented soon, and we are making breakthroughs through the revision of that Perpres. That is what DEN is currently doing together with the Ministry of Energy and Mineral Resources (ESDM),” Dadan said when met in Jakarta on Wednesday. Furthermore, he explained that the draft revision of the regulation has now entered the final discussion stage before it is submitted to President Prabowo Subianto. Several important points in the CPE-related Perpres revision include changes to the financing scheme that will not solely rely on the State Revenue and Expenditure Budget (APBN), as well as providing space for collaboration with the private sector. “We are inviting parties outside the government, including from the private sector,” he said. Dadan assessed that these changes are expected to provide flexibility in responding to the continuously increasing energy needs amid increasingly dynamic global challenges. “Why must it be revised? Because in the current Perpres, the CPE is only carried out by the government through the APBN. The CPE becomes state property, so it is not flexible, (therefore) the council members requested breakthroughs because this CPE is important in conditions of uncertainty from the global supply side,” he stated. In addition to the private sector involvement scheme, this Perpres revision will also discuss adjustments to the volume of energy reserves covering fuel oil products (BBM), crude palm oil (CPO), and LPG. “In principle, we at least want there to be one month, yes. One month’s import volume,” said Dadan. Meanwhile, the energy buffer reserves themselves are mandatory and must be provided by the government according to the state’s financial capacity. These provisions are regulated through Presidential Regulation No. 96 of 2024 on Energy Buffer Reserves (CPE), which must be provided by the government.