Thai government plans to increase fuel tariff in semptember. (Photo: iStock)
The Thai government is considering raising electricity prices, causing concerns in the industry about potential impacts on multinational corporate investment. Kriengkrai Thiennukul, Chairman of the Federation of Thai Industries (FIT), stated that Thailand's production costs are already higher than neighboring countries, and further increases in electricity prices could push foreign businesses towards countries like Vietnam.
Thailand plans to increase electricity prices by up to 44% in September
The Energy Regulatory Commission (ERC) announced on the 12th that, to alleviate the debt pressure on the Electricity Generating Authority of Thailand (EGAT) and to cope with rising winter natural gas prices, they plan to adjust the fuel tariff component of electricity charges. Three proposals have been put forward, and one will be selected after a public hearing, with implementation scheduled for September.
