New government to decide on more cuts in power rates

13 Sept 11:02 Key points summarised by AI

The Office of the Energy Regulatory Commission (OERC) lacks sufficient funds to implement proposed electricity rate cuts, deferring the decision to the new government.
Future power rates face potential increases due to anticipated drought in Laos reducing hydroelectric output, which would necessitate a switch to more expensive energy sources like LNG and coal.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

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).