Electricity consumption increased after the Rp200 trillion stimulus

Alfarisy    10/16/2025   

Minister of Finance Purbaya Yudhi Sadewa stated that electricity consumption in Indonesia has begun to show an upward trend as an early impact of the government’s economic stimulus worth Rp200 trillion, which was distributed through state-owned banks. This statement was delivered after a meeting with President Director of PT PLN (Persero) Darmawan Prasodjo at the Directorate General of Taxes office, Jakarta, Tuesday (15/10/2025).​

“If we look at the data from PLN, electricity demand has started to increase. Branches in the regions also show rising demand for services and new connections,” said Purbaya after the meeting. PLN’s data shows an increase in electricity demand in various areas, including industrial centers in Indonesia.

The Impact of Fund Placement Begins to Be Felt

According to Purbaya, the increase in electricity consumption is an indicator that the government's policy of placing Rp200 trillion in five Himbara banks is beginning to have a tangible impact on real economic activity. This policy was launched on September 13, 2025, with the aim of strengthening banking liquidity and encouraging lending to productive sectors.​

"This means that the impact of the Rp200 trillion policy I launched some time ago is already starting to show in the economy. So, it’s clear that demand is starting to pick up," said Purbaya. As of September 2025, Himbara banks have distributed Rp112.4 trillion, or more than half of the funds, in the form of productive loans.​

Bank Mandiri leads the distribution with Rp40.6 trillion (74%), followed by BRI with Rp33.9 trillion (62%), and BNI with Rp27.6 trillion (50%)

Optimism for Economic Growth

Purbaya is optimistic that the economic growth in the fourth quarter of 2025 can reach 5.67% thanks to positive momentum from this stimulus. This projection is higher than estimates from international institutions such as the World Bank, which projects Indonesia’s growth to be only 4.8% in 2025.​

The Ministry of Finance estimates that the economy in the third quarter of 2025 will grow by 5.1%, supported by solid export performance despite facing various challenges. To maintain this momentum, Purbaya will request updates on electricity consumption data from PLN every two weeks to monitor the impact of the stimulus on economic activity.​

“I will ask the President Director of PLN for an update, maybe every two weeks, to see what the data looks like. We will see, if it can still be pushed, we will push the economy further,” said Purbaya.​