The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) plans to ask the government to jointly set up a panel to deal with high power bills, which are discouraging foreign businesses from investing in Thailand.
Though the Energy Regulatory Commission (ERC) decided last week to reduce the power tariff hike scheduled for January to April, the new rate is still deterring entrepreneurs, leading to the call for a public-private panel to restructure energy price management, said Kriengkrai Thiennukul, chairman of the Federation of Thai Industries, a member of the JSCCIB.
The ERC initially planned to raise the power tariff by 20.5% from 4.72 baht per kilowatt-hour (unit), but later slightly cut the increase to 13%, with the new power tariff at 5.33 baht per unit.
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