⩓ DATATRUST 
PLN’s Growing Reliance on State Transfers

Rp, trillion

Note: While subsidies are pre-planned welfare funds for low-income households (450–900 VA), compensation is a retroactive market cushion paid to PLN to freeze tariffs for middle-to-high-income consumers and industries.
Chart: D. Bisara @ Investortrust.idSource: PLN, IDXCreated with Datawrapper