FTI cheers new government’s energy cost pledge

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The Federation of Thai Industries (FTI) expressed its satisfaction with the newly elected government’s commitment to lowering energy costs and retail diesel prices. Newly inaugurated Prime Minister Srettha Thavisin has prioritised energy price reductions as an early objective of his administration.

 

An immediate cut in energy prices has been promised by the 61 year old Srettha and his Cabinet upon assuming office. FTI Chairman Kriengkrai Thiennukul pointed out that the escalation in energy bills and diesel prices has significantly impacted living and manufacturing expenses. He further added that the private sector has been consistently advocating for measures to alleviate these pressures.

 

The household electricity tariff stood at 4.7 baht per kilowatt-hour (unit) for the period between May and August. A slightly reduced rate of 4.45 baht per unit is set for September to December, which the FTI still regards as excessively high.

 

Kriengkrai said the FTI would be happy if the new government works to reduce energy bills and the diesel oil price.”

 

“The FTI and the Joint Standing Committee on Commerce, Industry and Banking are always calling for the government to consider reductions.”

 

By Alex Morgan

Caption: Photo Courtesy of Royal Coast Review

 

Full Story: https://thethaiger.com/news/business/thai-industries-federation-welcomes-governments-pledge-to-cut-energy-costs

 

-- The Thaiger 2023-09-01

 

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