Search Results for: Energy Ministry
- Business News
Energy Ministry’s new bill targets stable oil and LPG prices
The Energy Ministry’s new bill aiming to control domestic oil and cooking gas prices requires a public hearing to assess its impact on oil traders and government revenue, according to an energy expert. Currently under review by the Council of State, the bill proposes the establishment of a new commission, akin to the Energy Regulatory Commission, to regulate retail prices…
- Bangkok News
Power move: Energy Ministry to introduce National Energy Plan
The Energy Ministry announced yesterday that it is gearing up to unveil the National Energy Plan 2024 in September. This comprehensive strategy promises to revolutionise Thailand’s energy landscape with the introduction of nuclear plants and a pledge to cap electricity costs at under 4 baht per unit. The Energy Policy and Planning Office (EPPO) revealed that this master plan will…
- Thailand News
Thailand’s energy ministry to revise fuel regulations for consumer protection
In a move to safeguard consumer rights, Thailand’s Energy Ministry is set to revise regulations to guarantee that customers receive the exact volume of fuel they purchase. The decision came in response to a social media uproar over a motorist’s complaint that a petrol station failed to dispense the correct volume of fuel he had purchased. The motorist, Ritdech Daengpradit,…
- Thailand News
Thailand’s electricity rate of 4.68 baht only a suggestion, says Energy Ministry
The suggested electricity rate of 4.68 baht per unit is merely a proposal, confirmed Energy Ministry spokesperson Pongsapol Yodmuangcharoen today. Emphasising that the final price falls under the purview of the Energy Ministry and is overseen by Energy Minister Peeraphan Salirathaviphak, Pongsapol assured that it won’t be fixed at this figure. He further confirmed that consumers will not face an…
- Bangkok News
Fire at Energy Ministry’s compound in Bangkok
A fire broke out at the Energy Ministry’s compound in Bangkok’s Chatuchak district today. The blaze broke out on the 33d floor of Building A, a 36-storey building, the headquarters of PTTEP Plc. Luckily, firefighters quickly rushed to the scene and no injuries were reported. The firefighters were able to get the blaze under control in 10 minutes. The fire…
- Thailand News
Energy Ministry encourages consumers to use charcoal stoves to combat gas hike
The Department of Alternative Energy Development and Efficiency has a solution to solve the recent gas hike: use a charcoal stove if cooking gas is too expensive. The department’s official Facebook page yesterday uploaded a picture of a stove, with a caption saying ‘a charcoal stove is durable, helps save money, uses less charcoal, and offers a lot of heat.”…
- Thailand News
Truck drivers threaten to camp in front of Energy Ministry because of diesel price
Angry truck drivers say they will protest and camp out in front of if Thailand’s energy ministry if the minister doesn’t lower diesel prices in seven days. The chairman of the Land Transport Federation of Thailand (LTFT) also said the federation would join protests with other groups hurt by Thailand’s rising cost of living, like farmers affected by low crop…
- Covid-19 News
Power to the people – Energy Ministry promises adequate supply of electricity
Thailand’s Energy Ministry says that there will be adequate electricity supply to fuel the demands of people staying and working from home. Millions are cooped up in their homes, raising the domestic electricity supply usage. But many businesses have closed up, easing up some of the demands on total supply. Energy Minister Sonthirat Sonthijirawong says there should be enough power…
- Phuket News
Energy Ministry asks Phuket to save power ‘just in case’
PHUKET: Energy Ministry officials announced yesterday they will launch a campaign calling on all Phuket residents to minimize the electricity each household uses as a precaution against power outages during a month-long upgrade to a major gas field supply line in the Gulf of Thailand. Residents will be asked to reduce their power consumption between 6 and 10pm each night…
- Thailand News
Ministry of Energy: Exclusive discounts and extended assistance period for NGV prices
The Ministry of Energy, led by Deputy Prime Minister Pirapan Salirathavibhaga, is rolling out an unprecedented lifeline for truck operators, public transport, and taxi drivers grappling with soaring natural gas prices for vehicles (NGV). Pirapan announced the formation of a dedicated working group aimed at tackling the escalating issue of surging NGV prices. The superhero in this saga, PTT Public…
- Bangkok News
Bangkok taxi drivers protest fuel increases outside the Ministry of Energy
Furious Bangkok taxi drivers today protested against the price hike of autogas, LPG and NGV, in front of the Ministry of Energy. The President of the Thai Taxi Association, Witune Naewpanich, urged the government to support them after the recent price increases. Witune announced taxi drivers’ income decreased because of the pandemic because no one used them during Covid-19. He…
- Thailand News
PM Prayut and Ministry of Energy’s guide to saving fuel and energy this summer
PM Prayut Chan-o-cha is inviting those in Thailand to join forces and save energy to combat the global energy crisis together. He suggests setting your air conditioner at 27 degrees Celsius and using a fan in tandem to save energy. Prayut and the Ministry of Energy have some tips on how to keep your fuel costs and energy bills from…
- Thailand News
Solar power push: A bright idea to boost clean energy at home
The National Energy Policy Administration Committee are deliberating an increase in the purchase of solar power from households to bolster clean energy initiatives and promote the installation of rooftop solar panels, according to an energy official. The committee had previously sanctioned a plan to acquire 90 megawatts (MW) of solar power from homeowners, spanning from 2021 to 2030. Recent advocacy…
- Thailand News
Thailand to explore small nuclear reactors for clean energy boost
Energy Ministry officials are set to assess the feasibility of developing small nuclear power plants as part of the updated power development plan (PDP). This initiative aims to increase the use of clean energy and reduce carbon dioxide emissions. The technology under consideration is the small modular reactor (SMR), which can generate up to 300 megawatts per unit (MW), roughly…
- Thailand News
Thai Finance Ministry pledges market confidence amid scandal
Thailand’s Finance Ministry vows to restore confidence in the Thai capital market following allegations of fraud involving former executives of Energy Absolute (EA), a company listed on the Stock Exchange of Thailand (SET). Finance Permanent Secretary Lavaron Sangsnit expressed optimism that actions by the Securities and Exchange Commission (SEC), in collaboration with the Department of Special Investigation (DSI) and the…
- Thailand News
Thailand extends diesel price cap amid long-term energy concerns
Efforts by the Thailand government to cap energy prices, and diesel subsidies may appease the public in the short term, but there are growing concerns about the long-term implications on fuel consumption. The extension of the diesel price subsidy, funded by the Oil Fuel Fund, is a recent measure that fixes the retail price at 33 baht per litre until…
- Business News
Thai energy business reports 2.6% decline in Q1 fuel consumption
The Department of Energy Business (DOEB) reported a 2.6% decline in fuel consumption in the first quarter of the year, amounting to 156.7 million litres per day. This decrease is attributed to the expiration of the capped price policy. The Director General of DOEB, Sarawut Kaewtathip, noted a rise in the daily average volume of jet fuel and liquefied petroleum…
- Business News
Thai renewable energy industry urges govt to revise trade system
The Federation of Thai Industries’ Renewable Energy Industry Club urged the government to revise the country’s electricity trade system from the longstanding enhanced single buyer (ESB) model, arguing it hampers the growth of renewable energy. The ESB structure, which designates the Electricity Generating Authority of Thailand (EGAT) as the sole entity that sells electricity to the public, is seen as…
- Business News
Thai govt plan for energy cost surge amid Israel-Iran conflict
Thailand’s Ministry of Commerce issued directives to state bodies to devise strategies to mitigate potential surges in energy costs in the event of an escalation in the Israel-Iran conflict. The directive follows Iran’s missile and drone assault on Israel, a retaliatory move against Israel’s alleged attack on Iran’s consulate in Damascus earlier this month. This marked the first direct attack…
- Thailand News
Sustainable solutions: Bangkok’s waste-to-energy plants
To combat the Thai capital’s mounting garbage crisis, the Bangkok Metropolitan Administration (BMA) is rolling out two cutting-edge waste-to-energy plants to revolutionise waste management by 2026. BMA permanent secretary Wanthanee Wattana voiced unwavering confidence in the timely completion of these game-changing facilities. Wattana revealed that construction is well underway at the Nong Khaem and On Nut garbage disposal centres, with Privy…
- Business News
Thailand recalibrates incentives to boost renewable energy initiative
The Industry Ministry is set to recalibrate incentive packages for organisations as part of the RE100 global renewable energy initiative. This move is intended to allure more investors and facilitate new investment within the nation. RE100, a worldwide initiative comprising hundreds of companies, is committed to 100% renewable energy usage. This aligns with Thailand’s ambitions of reducing carbon dioxide emissions…
- Thailand News
Thai energy regulatory commission sets firm power tariff cap
The Thai Energy Regulatory Commission (ERC) established a firm power tariff cap of 4.18 baht (US$ 0.12) per unit from January to April this year. This move comes despite the ongoing increase in gas prices. The rate for consumers using minimal power is fixed at 3.99 baht, as stated by the government. Rudklao Intawong Suwankiri, the Deputy Government Spokesperson, revealed…
- Thailand News
Thailand’s energy minister initiates major revamp of energy pricing structure
Pirapan Salirathavibhaga, the Deputy Prime Minister and Energy Minister, pledged to initiate a significant revamp of Thailand’s energy pricing structure, beginning with the removal of refined oil import restrictions. His commitment to this overhaul aims to alleviate the current strain of escalating energy costs on the populace. “I will overhaul the entire system to help ease the current burden of…
- Thailand News
Thai Prime Minister to review proposed energy tariff increase
Srettha Thavisin, the Thai Prime Minister, is set to convene a meeting with the relevant bodies following the revelation that the Energy Regulatory Commission (ERC) intends to surge the energy tariff from 3.99 baht per unit to 4.68 baht per unit from January to April next year. This proposed increase has stirred renewed demands for a revamp of the nation’s…
- Thailand News
Bangkok trash talk: BMA sparks a green revolution with electric trucks and waste-to-energy wonders
The Bangkok Metropolitan Administration (BMA) is making strides to modernise waste management in the city, with plans to introduce electric garbage trucks and construct two additional waste-to-energy (WTE) plants. Deputy permanent secretary of the BMA, Chatree Wattanakajorn, announced this progressive move yesterday. The BMA has successfully negotiated a contract permitting a private firm to construct the WTE plants at waste…
- Thailand News
Thailand’s health ministry gears up for severe haze pollution
Thailand’s Ministry of Public Health has established an Emergency Operations Centre (EOC) to address the imminent severe haze pollution anticipated in the forthcoming dry season, triggered by the persistent issue of PM2.5 ultra-fine dust. This was confirmed by Dr Opas Karnkawinpong, the ministry’s permanent secretary, on Tuesday. The critical areas of concern are the northern provinces of the country, with…
- Thailand News
Petrol prices to drop by 2.50 baht as new year gift, says Thailand’s Energy Minister
The Deputy Prime Minister and Minister of Energy announced plans to reduce petrol prices by 2.50 baht per litre as a new year’s gift to the Thai people. The minister, Peeraphan Saleerathaviphak, also revealed the establishment of an official committee to investigate fuel pricing. Peeraphan revealed that the Ministry of Energy is considering ways to reduce petrol prices to help the…
- Business News
Commerce Ministry revises inflation forecast, amid falling prices
Revising its earlier forecast, the Commerce Ministry now anticipates headline inflation to be within 1-1.7% for the current year, with an average of 1.35%. This comes as a result of expected lowered inflation in the last quarter. In July, the forecasted range was 1-2% with an average of 1.5%. Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office, revealed…
- Business News
Power play: FTI cheers new government’s energy cost pledge
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…
- Thailand News
Pubs, gas stations, 24-hour stores to close early to save energy
The Energy Ministry of Thailand plans to close pubs, gas stations, and 24-hour convenience stores early to save energy if the situation gets worse. The Permanent Secretary of the Energy Ministry, Kurit Sombatsiri, revealed the conclusions from the energy crisis meeting between Prime Minister Prayut Chan-o-cha and the Energy Policy and Planning Office (EPPO) yesterday. Kurit explained that the increasing…
