The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is urging the Thai government to retain the current power tariff of 3.99 baht per kilowatt-hour. The request comes amid concerns that a proposed hike to 4.68 baht could escalate operational costs for manufacturers, leading to a 5 to 10% increase in product prices.
The Energy Regulatory Commission previously suggested the tariff increase, attributing it to rising fuel costs and the need for repayment to the state Electricity Generating Authority of Thailand (EGAT). EGAT incurred substantial losses after subsidising electricity bills from September 2021 to May 2023, to mitigate the impact of rising fuel prices on households and businesses.
However, this proposed new tariff was deemed too high by Prime Minister Srettha Thavisin, who pledged to discuss with officials a…
