Thai businesses are assessing the implications of the government’s recent energy price cuts, amidst concerns from the Thailand Development Research Institute (TDRI) about the potential adverse long-term effects of the policy.
The Srettha Thavisin-led government has decided to slash the power tariff from 4.45 baht per kilowatt-hour to 3.99 baht between September and December and cap the retail price of diesel at 30 baht a litre, a decrease from the previous price of 31.94 baht a litre.
This policy move is one of the government’s early interventions designed to mitigate the impacts of high energy prices on businesses and households. However, its impact is yet to be fully understood.
For example, Doctor Weerachat Kittiratanapaiboon, the chief executive of Biodegradable Packaging for Environment Co (BPE), a Thai company specialising in the…
