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Monday, May 6, 2024

The struggle in harnessing power prices

As the country grapples with pricier power bills, businesses are poised to raise their product prices.

Following protests from the business community, the Energy Regulatory Commission (ERC) reduced its planned hike to the power tariff for companies to 13%, down from 20.5%, but entrepreneurs say they cannot maintain product prices at these rates.

The Bangkok Post looks into factors that make it difficult to control electricity prices and power tariffs that satisfy both businesses and households.

Why are power bills more expensive?

Energy officials and analysts often blame increasing imports of costly liquefied natural gas (LNG) and the country’s huge surplus of power generation capacity in reserve for the surge in the price of…

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