The Federation of Thai Industries (FTI) warned the government that foreign businesses will not invest in Thailand if it maintains its unsustainable utility bills.
The FTI insists investors will look to their more competitive Asian neighbours and set up camp there if the government does not make its energy cheaper.
FTI Vice President Sompote Ahunai said the government needs to consider a more efficient use of its power surplus for economic purposes, which could eventually ease the impact of high electricity prices.
The FTI, during a seminar titled “Thailand: New Episode,” emphasized their concerns about the rise in power tariffs, which have led to increased production costs in the manufacturing industry.
The power tariff, influenced by a higher fuel tariff, has reached 5.33 baht per kilowatt-hour, surpassing last year’s high of 4.72 baht per unit. In comparison, the FTI…
