Main Article Content
Abstract
Indonesia’s Sustainable Finance Roadmaps (2015-2019; 2021-2025) elevate renewable-energy investment to a national priority, yet the 2023 primary-energy mix is still dominated by coal (39.7 %) and petroleum (29.9 %), with new-and-renewable energy (NRE) at just 13.3 % far short of the 23 % statutory target for 2025. This article undertakes a doctrinal methodology to determine whether the country’s current legal architecture furnishes the pro-competitive conditions required to mobilise private capital toward NRE in harmony with the Roadmaps and Sustainable Development Goals 7, 13, and 16. The study systematically interprets (i) Law No. 30 of 2009 on Electricity, Law No. 22 of 2001 on Oil and Gas, and Law No. 21 of 2014 on Geothermal; (ii) implementing regulations and ministerial decrees on grid access, procurement, and feed-in tariffs; (iii) the Law No. 5 of 1999 and its 2023 implementing guidelines; and (iv) OJK Regulation No. 51/POJK.03/2017 on sustainable-finance disclosure. Statutory provisions are examined for hierarchical consistency, internal coherence, and conformity with Article 33(3) of the 1945 Constitution and Indonesia’s treaty obligations under the Paris Agreement. Doctrinal scrutiny reveals three normative defects: (1) the electricity law’s exclusive procurement mandate enables PLN’s de facto monopsony, contravening the non-discrimination principle in the Competition Law; (2) opaque tariff-setting regulations conflict with transparency duties embedded in the sustainable-finance framework; and (3) sectoral licensing rules omit explicit alignment with OJK’s green-taxonomy criteria, undermining legal certainty for renewable-energy sponsors. The article recommends statutory amendments to embed open-access grid clauses, mandate competitive tendering consistent with fair-competition norms, and cross-reference green-taxonomy thresholds in energy licences. These reforms would synchronise Indonesia’s competition regime with its sustainable-finance objectives and supply the legal certainty essential for a just energy transition.
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Copyright (c) 2026 Siti Anisah, Dodik Setiawan Nur Heriyanto

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Anisah, Siti. ‘Essential Facilities Doctrines Pada Penguasaan Pasar Oleh Badan Usaha Milik Negara’. Refleksi Hukum: Jurnal Ilmu Hukum 7, no. 1 (2022): 37–62. https://doi.org/10.24246/jrh.2022.v7.i1.p37-62.
Ansari, Muhammad Insa. ‘BUMN Dan Penguasaan Negara Di Bidang Ketenagalistrikan’. Jurnal Konstitusi 14, no. 1 (2017): 104–23. https://doi.org/10.31078/jk1415.
Apriliyanti, Indri Dwi, Diwangkara Bagus Nugraha, Stein Kristiansen, and Indra Overland. ‘To Reform or Not Reform? Competing Energy Transition Perspectives on Indonesia’s Monopoly Electricity Supplier Perusahaan Listrik Negara (PLN)’. Energy Research & Social Science 118 (December 2024): 1–12. https://doi.org/10.1016/j.erss.2024.103797.
Bamforth, Nicholas, and Peter Leyland, eds. Public Law in a Multi-Layered Constitution. Hart Publishing, 2003.
Barragán-Ocaña, Alejandro, Erick Cecilio-Ayala, Paz Silva-Borjas, Jésica Alhelí Cortés-Ruiz, and Ed-Yeremai Hernandez-Cardona. ‘Policies and Sustainable Energy Transition in the Global Environment: Challenges for Latin America’. Heliyon 11, no. 6 (2025): 1–16. https://doi.org/10.1016/j.heliyon.2025.e42295.
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Fuhrmann, Jens, and Reinhard Madlener. ‘Evaluation of Synergies in the Context of European Multi-Business Utilities’. Energies 13, no. 24 (2020): 6676. https://doi.org/10.3390/en13246676.
Goesniadhie, Kusnu. Harmonisasi Hukum dalam Perspektif Perundang-undangan: Lex Specialis Suatu Masalah. 1st edn. JP Books, 2006.
Hanson, Sharon. Legal Method & Reasoning. 2nd edn. Cavendish Publishing, 2003.
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Law No. 5 of 1999 on the Prohibition of Monopolistic Practices and Unfair Business Competition. http://peraturan.bpk.go.id/Details/45280/uu-no-5-tahun-1999.
Law No. 7 of 2021 on Harmonization of Tax Regulations.
Law No. 8 of 1971 on State Oil and Gas Mining Companies.
Law No. 30 of 2007 on Energy.
Law No. 30 of 2009 on Electicity.
Lukman, Nasrun, and James M. McGlinchey. ‘The Indonesian Petroleum Industry: Current Problems and Future Prospects’. Bulletin of Indonesian Economic Studies 22, no. 3 (1986): 70–92. https://doi.org/10.1080/00074918612331334894.
Majone, Giandomenico, ed. Regulating Europe. 1st edn. European Public Policy. Routledge, 2005.
Meutia, Inten, Shelly Febriana Kartasari, Zulnaidi Yaacob, and Murugesh Arunachalam. ‘Mapping Sustainable Finance: A Detailed Analysis of Banks in Indonesia’. Indonesian Journal of Sustainability Accounting and Management 4, no. 1 (2020): 13–27. https://doi.org/10.28992/ijsam.v4i1.110.
Modjo, Suci. ‘PLN Vs Energi Terbarukan: Peraturan Menteri ESDM Terkait Penggunaan Sistem Pembangkit Listrik Tenaga Surya Atap’. Jurnal Hukum Lingkungan Indonesia 6, no. 1 (2020): 19–40. https://doi.org/10.38011/jhli.v6i1.89.
Motta, Massimo. Competition Policy: Theory and Practice. 1st edn. Cambridge University Press, 2004.
Octaviani, Faradylla Ninda. ‘Analisis Yuridis Penentuan Penyalahgunaan Posisi Dominan Dalam Hukum Persaingan Usaha Di Indonesia: Studi Terhadap Putusan-Putusan Tahun 2006-2015 Komisi Pengawas Persaingan Usaha’. Thesis, Universitas Indonesia, 2016. https://lib.ui.ac.id/detail?id=20433511&lokasi=lokal.
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Regulation of the Minister of Transportation No. 126 of 2015 on the Formulation Mechanism for Calculation and Determination of Upper and Lower Limit Tariffs for Economy Class Passengers for Domestic Scheduled Commercial Air Transportation (2015).
Setiawan, Andri D., Marmelia P. Dewi, Bramka Arga Jafino, and Akhmad Hidayatno. ‘Evaluating Feed-in Tariff Policies on Enhancing Geothermal Development in Indonesia’. Energy Policy 168 (September 2022): 113164. https://doi.org/10.1016/j.enpol.2022.113164.
Sisdwinugraha, Alvin Putra, Anindita Hapsari, Farid Wijaya, et al. Indonesia Energy Transition Outlook 2025: Navigating Indonesia’s Energy Transition at the Crossroads – A Pivotal Moment for Redefining the Future. Vol. 5. Institute for Essential Services Reform (IESR), 2024. https://iesr.or.id/en/pustaka/indonesia-energy-transition-outlook-ieto-2025/.
The Constitution of the Republic of Indonesia (1945).
Tordo, Silvana, Brandon S. Tracy, and Noora Arfaa. Natural Oil Companies and Value Creation. The World Bank Working Paper 218. The International Bank for Reconstruction and Development/The World Bank, 2012.
Usman, Rachmadi. Hukum Persaingan Usaha Di Indonesia. 1st edn. Edited by Tarmizi. Sinar Grafika, 2013.
Vogel, Frank E., and Samuel L. Hayes. Review of Islamic Law and Finance; Religion, Risk, and Return, by Kamal M. Amjad Mian. Journal of Law and Religion 15, no. 1/2 (2000): 475. https://doi.org/10.2307/1051550.
Whish, Richard, and David Bailey. Competition Law. 11th edn. Oxford University Press, 2024. https://doi.org/10.1093/he/9780198906032.001.0001.
Yusgiantoro, Purnomo, and Luky Yusgiantoro. Ekonomi Energi: Teori dan Praktik. 1st edn. Yayasan Purnomo Yusgiantoro, 2024.