The former Prime Minister of Thailand, Thaksin Shinawatra, suggests expanding solar energy to lower electricity prices. (Photo: Thaksin Shinawatra's Instagram)
To attract investment from high-tech industries such as data centers, the de facto leader of Thailand’s ruling Pheu Thai Party and former Prime Minister Thaksin Shinawatra announced that the government will increase the use of renewable energy sources like solar power.
They also plan to lower electricity prices to 2.5 baht per kWh (about 0.074 USD), making energy costs more competitive while meeting economic development and carbon reduction goals.
Thaksin targets solar expansion to lower power costs
Thailand's electricity prices are currently high, with rates for both commercial and residential users at 4.15 baht per kWh (about 0.12 USD). Speaking at a business forum in Bangkok on March 14, Thaksin stated that the government would gradually reduce electricity prices, potentially bringing them down to 2.5 baht per kWh by next year, a reduction of nearly 40%.
