The Thai government, under the leadership of Srettha Thavisin, has swiftly approved a plan to lower the power tariff, with the goal of reducing electricity bills for the public.
The tariff rate has been revised from 4.45 baht to 3.99 baht per kilowatt-hour, applicable from September to December this year. However, for a long-term solution to high electricity costs, a restructuring of the Thai energy price structure may be necessary.
Energy Minister Pirapan Salirathavibhaga suggested a quick solution would be to prolong the period of debt repayment to the state-run Electricity Generating Authority of Thailand (EGAT).
This measure could be implemented by September, avoiding a lengthy consideration process required for other options. The new tariff rate was proposed by Pirapan following a meeting with the Energy Regulatory Commission (ERC) and…
