Thailand’s new cabinet faces energy crisis: Can it keep power prices competitive?

Thailand’s new cabinet ends caretaker limbo, reviving stalled energy initiatives. (Photo: iStock)

Thailand formed a new cabinet on March 31, ending months of limited authority under a caretaker government and clearing the way for stalled energy initiatives.

The transition comes at a difficult moment, as a global energy crisis has sent diesel prices surging from USD 90 to USD 210 per barrel, roughly three to four times pre-crisis levels, according to Finance Minister Ekniti Nitithanprapas.

Business leaders are calling on the incoming administration to treat energy prices as its most urgent priority.

Unlock the full article to explore three key takeaways:

1. Thailand's new cabinet formed on March 31, taking office amid a fuel price crisis. Business leaders demand durable energy policy rather than short-term fixes.
2. The government is resisting blanket fuel subsidies, framing the crisis instead as a catalyst for clean energy transition.
3. The government is rolling out three main instruments in response: DPPA, an infrastructure fund for energy investment, and a “Green Economy Plus” plan.