A recent survey by the Federation of Thai Industries (FTI) has shown that the majority of entrepreneurs are urging the new government to fulfil its promise to lower electricity costs, as outlined in a memorandum of understanding (MoU) signed by the Move Forward Party and seven other political parties. Of the 252 executives across 45 industries surveyed, 75.8% voted for adjusting energy prices as the most critical and urgent issue among those listed in the MoU.

 

On May 22, the parties intending to form a Move Forward Party-led coalition government signed the MoU, agreeing to restructure the power tariff and electricity production structure to ease living costs. This agreement is part of 23 issues agreed upon by the eight parties, aiming to build a new Thailand through ambitious economic and social development plans.

 

“Energy cost is a main expense in the industrial sector. Its increase not only drives up operating costs among businesses but also leads to a high cost of living for households,” said Montri Mahaplerkpong, vice-chairman of the FTI.

Between May 1 and August 31, both businesses and households are paying a new power tariff of 4.70 baht per kilowatt-hour (unit), a slight decrease from the first four-month cycle. In the first four months of this year, businesses paid 5.33 baht per unit, up 13% from the previous record high of 4.72 baht per unit, while households paid 4.72 baht per unit.

 

by Alex Morgan

Top Image via Flickr

 

Full story: https://thethaiger.com/news/business/thai-entrepreneurs-urge-government-to-prioritise-reducing-energy-costs

 

-- © Copyright Thaiger 2023-06-01

 

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Electricity costs hit everything.. first thing is sort-out the energy crisis.

Who exactly are these fictitious entrepreneurs ???? ????

 

Edited June 1, 20233 yr by VocalNeal