Thai entrepreneurs urge government to prioritise reducing energy costs

A recent survey by the Federation of Thai Industries (FTI) has shown that the majority of entrepreneurs are urging the new government to fulfil its promise to lower electricity costs, as outlined in memorandum of understanding (MoU) signed by the Move Forward Party and seven other political parties. Of the 252 executives across 45 industries surveyed, 75.8% voted for adjusting energy prices as the most critical and urgent issue among those listed in the MoU.

On May 22, the parties intending to form a Move Forward Party-led coalition government signed the MoU, agreeing to restructure the power tariff and electricity production structure to ease living costs. This agreement is part of 23 issues agreed upon by the eight parties, aiming to build new Thailand through ambitious economic and social development plans.

“Energy cost is a main expense in the industrial…