Tensions are running high in Thailand as the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has declared war on the government in a bid to bring down the nation’s soaring electricity prices.
The committee, comprised of representatives from major business groups, is asking Prime Minister Prayut Chan o cha to reconsider the electricity bill calculation and reduce the power tariff of 4.77 baht per kilowatt-hour (unit), reported Bangkok Post.
The current power tariff rates for businesses have increased by 13%, reaching an all-time high of 5.33 baht per unit, while households are charged 4.72 baht per unit.
Kriengkrai Thiennukul, chairman of the Federation of Thai Industries, a core member of JSCCIB, said…
“The government should consider reducing the Ft because high rates will affect the economy amidst a global economic…
