Thailand's Energy Minister Pirapan Salirathavibhaga believes managing natural gas use can lower electricity prices. (Photo: Thai Government)
Thailand’s bid to ease high electricity costs hit a snag after regulators rejected a plan to cut renewable energy spending. The Energy Ministry is now targeting natural gas, which powers over 60% of the nation’s grid, though specifics are still vague.
Experts suggest that the government should push for electricity market reforms, allowing supply and demand to determine prices for more effective outcomes.
Energy Ministry focuses on natural gas to cut prices
Thailand conducts quarterly reviews and adjustments of electricity prices, which are currently set at 4.15 Thai Baht per kWh (about $0.12 USD). This price has remained relatively stable for over a year, leading to dissatisfaction among citizens and businesses, with some even concerned about its impact on foreign investment.
