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Thailand’s electricity price may increase to ฿5/unit in September-December

14 Sept 04:11 Key points summarised by AI

Thailand's electricity price is projected to rise to ฿5 per unit from September to December, driven by a potential increase in the fuel adjustment tariff (FT) rate.
This surge is primarily due to escalating global fuel costs, with Liquefied Natural Gas (LNG) prices, a key electricity generation source, jumping from US$20 to US$30 per million BTU.
Uncertainty surrounding the Erawan offshore gas field's production output, following a concessionaire change from Chevron to PTTEP, further contributes to the anticipated rise in electricity costs.

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).