Government Plans Major Energy Price Reductions

[snoop1130]

 

BANGKOK (NNT) - Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga has announced a comprehensive plan to restructure Thailand’s energy pricing system, aiming to alleviate the burden of high energy costs. In a recent Facebook post, Pirapan declared his intention to revamp the system, beginning with the liberalization of refined oil import restrictions.

 

The restructuring aims to make fuel and energy costs more affordable, ensuring energy security and sustainability for the country. However, Pirapan acknowledges the challenges ahead, anticipating resistance from oil refineries and related businesses that have profited from the current high energy prices.

 

Key to this reform is the relaxation of regulations that currently prohibit the import of refined oil. This measure is expected to help control oil prices more effectively in Thailand, a policy outlined by the Pheu Thai Party-led coalition.

 

Behind the scenes, efforts have already begun to lower energy prices. The government has recently approved measures to maintain diesel prices below 30 baht per liter and cap electricity tariffs for households using less than 300 units per month. These measures are part of a wider plan to reduce living costs and stimulate the economy.

 

The government has also proposed keeping the cost of liquefied petroleum gas and cooking gas stable and reducing petrol prices until the end of January.

 

Pirapan anticipates introducing more measures to further reduce energy prices for specific groups, including farmers, following the successful implementation of subsidized oil for fishermen.

 

By Krajangwit Johjit

 

Full story: NNT 2024-01-02

 

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[Will B Good]

3 minutes ago, snoop1130 said:

Pirapan declared his intention to revamp the system, beginning with the liberalization of refined oil import restrictions.

They could dramatically improve the average Thais lot by dealing with all the monopolies and price cartels that shaft them every step of the way

[Gweiloman]

My last bill, I used 371 units. I also have solar. I might need to plug my V2L for longer to save another 2.5 kWh per day to dip below 300 units per month lol

[retarius]

Let's clear up the headline. I am confused. Are the government planning cuts in Major Energies like gas, electric and vehicle fuel? Or are they planning MINOR reductions in the cost of fuel? Dropping the cost of a litre of fuel by 2 baht, say, does not qualify as a major reduction, and keeping diesel under 30baht isn't a reduction, it costs 30 baht anyway.  Nor does keeping the cost of cooking fuel static qualify as ANY Reduction whatsoever, least of all a major reduction. I'm sorry I must be totally stupid, but I don't understand there are going to be ANY MAJOR REDUCTIONS in the price of fuels. 

[hotchilli]

13 hours ago, Gweiloman said:

My last bill, I used 371 units. I also have solar. I might need to plug my V2L for longer to save another 2.5 kWh per day to dip below 300 units per month lol

I use less than 300 units, I didn't noticed any reduction during 2023..

[Almer]

Well keeping road fuel at under 30 has not worked, 30.40 30.80 is common, i haven't seen 29.95 .

[Gweiloman]

3 hours ago, hotchilli said:

I use less than 300 units, I didn't noticed any reduction during 2023..

From the article above;

 

 and cap electricity tariffs for households using less than 300 units per month. These measures are part of a wider plan to reduce living costs and stimulate the economy.

 

Don’t know what that means but could be that the Ft will be lower than if you used more than 300 units