By Adam Judd
Mr. Praiphon Koomsub, former Dean of the Faculty of Economics at Thammasat University, explained an increase in
Moreover, at the beginning of this year, the government adjusted the fuel tariff rate, which further increased the price.
The war between Russia and Ukraine also plays a part, as it causes fuel prices, especially crude oil and natural gas, to sk), which has increased by 20% currently due to the war.
There is also an issue with the cost of paying for excess reserve electricity.
yrocket. Thailand relies on natural gas for 60% of its electricity production, even though it can produce some gas from the Gulf of Thailand. However, the country still needs to import a significant amount of liquefied natural gas (LNG
Praiphon also said even though excess reserve power is not sold into the system, electricity consumers still have to bear the burden of paying for it to private power companies. This is another factor that contributes to the high cost of electricity, although not as much as the first causes mentioned, he said.
(Source: – Asean Now)
