Former senator proposes ways to cut energy prices

22 Sept 02:51 Key points summarised by AI

Former Senator Rosana Tositrakul advocates for sustainable energy price reductions, targeting systemic issues in electricity and fuel pricing.
She proposes reforming 'take-or-pay' contracts with Independent Power Producers (IPPs) to eliminate billions in annual 'availability payments' for unutilized power, which inflate electricity costs despite current excess generation capacity.
Rosana suggests PTT charge EGAT a 'pool price' for natural gas used in power generation, averaging costs from all sources, instead of higher domestic rates, and recommends capping annual fuel excise tax revenue at 200 billion baht while controlling marketing fees to lower consumer prices.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.