No end in sight to the high cost of electricity in Thailand

10 Sept 13:54 Key points summarised by AI

Thailand's persistently high electricity costs are attributed to long-standing flawed energy policies, including 'availability payments' to power producers and extensive long-term power purchase agreements (PPAs) for renewables, which have been continued by successive governments despite public burden.
The issue is exacerbated by overestimations of electricity demand, global energy price spikes, and accusations of political cronyism in PPA selections, leading to widespread public discontent and unfulfilled promises from the current administration.
While the government defends its renewable energy initiatives as vital for investment and meeting international carbon standards, experts advocate for comprehensive reforms, including adjusting demand forecasts, revising gas management plans, and liberalizing solar rooftop generation, to genuinely lower costs and address policy corruption.

Consumer confidence index falls below 50 in September

Today 17:19 Key points summarised by AI

Thailand's consumer confidence index declined to 48.9 in September, driven by concerns over the cost of living, household debt, and political instability.
Despite some relief from government schemes and export growth, consumers remain cautious due to political uncertainty and global economic instability.
Future confidence is projected to rise, buoyed by government initiatives and export growth, but household debt and geopolitical conflicts continue to weigh heavily.
The survey did not account for recent floods, which are expected to negatively impact the economy, employment, and consumer confidence, depending on their severity.