Banpu eyes free power trade system amidst rising Thai electricity costs

In the face of rising electricity bills, a new opportunity is emerging for a free power trade system in Thailand, as spotted by Banpu Power Plc, the power generation arm of energy conglomerate Banpu Plc. Expecting a worldwide shift in electricity markets, the company, under Kirana Limpaphayom, its CEO, is poised to take advantage of this imminent change.

The combined effect of advancing digital technology, mounting climate change concerns, and declining costs for developing renewable power plants fuel this progression. Additionally, the hike in energy prices due to the Russia-Ukraine conflict is facilitating this transition.

The Thai population, both households and entrepreneurs, is showing an increased preference towards energy derived from rooftop solar panels as a counteraction to expensive electricity costs. Banpu is planning to pivot more…