energy
- Business News
PTT forecasts growth amid rising energy demand, Thai recovery
PTT Plc, Thailand’s state-owned oil and gas conglomerate, anticipates a stronger business outlook in 2024, buoyed by increased energy demand and an improving domestic economy, despite a forecasted dip in energy prices. The high tourism season is expected to drive up domestic oil consumption as both foreign and local travellers contribute to heightened energy usage. Factories are also projected to…
- Thailand News
FTI fuels the push for a public-private energy plan in Thailand
The Federation of Thai Industries (FTI) renewed its call for the establishment of a public-private committee on energy management, urging the Thai government to take the proposal seriously in light of potential shifts in America’s energy policy under Donald Trump’s presidency. The FTI’s proposal aims to enhance national energy management and address the complexities arising from global energy dynamics. The…
- Business News
Thailand explores nuclear energy amid gas supply concerns
The Energy Regulatory Commission (ERC) is gearing up for a deep dive into the legalities of a new small modular reactor (SMR) project right here in Thailand. The nation is at a crossroads, and embracing nuclear energy could be its ticket to a future-proof power grid. Why now, you ask? The country’s domestic gas supplies are drying up, and talks…
- Thailand News
ERC mulls 31% electricity tariff hike despite lower fuel costs
Businesses and households are facing a significant decision regarding the future of their electricity costs as the Energy Regulatory Commission (ERC) considers changes to the power tariff. Despite a projected decrease in fuel costs, the ERC is evaluating whether to maintain the current rate or implement an increase of 26 to 31% early next year. The existing tariff, set at…
- Thailand News
Power play: B.Grimm sets sights on electrifying China and Greece
B.Grimm Power appears to be on a mission to take over the global energy scene, with China and Greece now in its sights. The Thai energy giant is exploring renewable projects in these two countries, aiming to add several hundred megawatts to its portfolio. CEO Harald Link teased the plans but kept most details under wraps, stating that talks were…
- 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
Samyan Smart City buries cables to enhance energy solutions
The Samyan Smart City project in central Bangkok is advancing, with significant efforts focused on relocating overhead power and communication cables underground, according to the Metropolitan Electricity Authority (MEA). Last month, overhead cables along Chulalongkorn Soi 12 leading to Banthat Thong Road, and near the King Rama VI Monument close to Lumpini Park, were removed. This initiative aims to eliminate…
- Thailand News
Cool it: Stacking stuff on your fridge could be a real power trip
Placing certain items on top of a refrigerator can lead to increased electricity consumption and reduced appliance lifespan, as warned by electricians. The top of a fridge is often seen as a convenient spot for storage or decoration but not everything is suitable for this space. A refrigerator is an essential appliance in every household, used extensively for storing various…
- Business News
Thailand energy plan: ‘Current’ contracts for a brighter future
The Government of Thailand is poised to approve a plan involving the Metropolitan Electricity Authority (MEA) and Provincial Electricity Authority (PEA) to manage energy conservation projects in state agencies under long-term contracts. This initiative aims to accelerate energy-saving efforts within the state sector, according to the Department of Alternative Energy Development and Efficiency. The impending approval will bolster campaigns across…
- Business News
Thailand energy, finance, tourism to boost revenue in fiscal 2024
Energy businesses, financial institutions, and tourism are expected to be the primary revenue contributors for the Revenue Department this year, according to its chief. These sectors have shown strong performance and are anticipated to generate significant tax revenues during the first nine months of fiscal 2024 (October 2023 to June 2024). Revenue Department Director-General Kulaya Tantitemit highlighted that while these…
- Thailand News
Thailand urged to harness and adopt solar energy to cut costs
Thailand’s abundance of sunlight offers an opportunity for a solar energy revolution, but high costs and regulatory barriers are holding back widespread adoption. Vice President of the Solar Energy Association of Thailand, Piyasak Pichetanawin, urged the government to support the use of solar energy, particularly in the industrial sector. Piyasak emphasises the importance of green energy, which can significantly reduce…
- 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…
- Thailand News
EGCO boosts investment to expand power capacity by 1,000MW
Electricity Generating Plc (EGCO), part of the Electricity Generating Authority of Thailand (EGAT) plans to boost its investment budget this year to acquire more assets, aiming to add 1,000 megawatts (MW) of new power generation capacity each year. The company has already added 370MW from operational power plants, leaving an additional 630MW needed to hit its target. As of yesterday,…
- Thailand News
Thailand power companies to spark 112,400 megawatts in 13 years
Thailand’s electricity supply is projected to reach 112,400 megawatts in the next 13 years, with power companies anticipated to play a larger role in power generation, according to the new power development plan (PDP). The country’s power supply was 53,868MW last year, with nearly 80% sourced from fossil fuels and the rest from renewable energy. According to an anonymous source…
- Thailand News
Thailand’s GPSC secures 1,050MW solar project in India
The power generation division of Thailand’s PTT Plc, Global Power Synergy Plc (GPSC), is making significant strides in expanding its renewable energy footprint in India. Its subsidiary, Avaada Energy, has secured a contract to construct a massive 1,050-megawatt solar farm aimed at boosting clean energy production, reducing carbon emissions, and serving millions in India. Avaada Energy emerged victorious in a…
- Education
Implementing Solar Energy projects in Thai School curriculums
Get ready for a future where every Thai school isn’t just an educational institution, but also a super cool mini power plant, drinking up the sun’s energy for all their needs. This isn’t just a wild fantasy, folks, it’s a thrilling reality that’s within arm’s reach, thanks to the empowering potential of solar electricity generation. Thailand’s electricity industry is stepping…
- Business News
Thailand’s headline CPI rises unexpectedly in April, ends slump.
Commerce Ministry officials in Thailand announced today that the country’s headline consumer price index (CPI) experienced a year-on-year increase of 0.19% this April. This is a notable shift from the previous month’s 0.47% year-on-year decrease and considerably exceeds the 0.25% fall projected by a Reuters poll. Such a rise in inflation after a seven-month negative streak indicates a significant change in…
- 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
Kasikornbank and SUN group fund Thai solar startup Ion Energy
Kasikornbank’s subsidiary Beacon Venture Capital has collaborated with Indonesia’s Solar United Network (SUN) Group to complete a Series A funding round for Ion Energy, a solar energy startup based in Thailand. The funding round closed at US$3 million. Ion Energy offers affordable, clean energy solutions to both residential and commercial sectors within Thailand. Beacon Venture Capital Managing Director Thanapong Na…
- Thailand News
PEA advises on cost-effective air conditioners amid Thai heat
In this sweltering heat, many turn to air conditioners for relief, yet the cost of electricity remains a concern. The Provincial Electricity Authority (PEA) of Thailand has provided guidance on how to use air conditioning efficiently without incurring high electricity bills. The PEA recommends selecting the right size of air conditioner, as measured in British Thermal Units (BTU), for the…
- Business News
Thailand urged to increase renewable power target beyond 50%
A call for an increase in renewable power generation beyond the target of 50% outlined in the Power Development Plan (PDP) has been issued to the government. The PDP is due to be finalised in the second quarter of this year. This rise is essential since Thailand has pledged to achieve carbon neutrality, a balance between carbon dioxide emissions and…
- Thailand News
Thailand’s household electricity tariffs remain unchanged
Energy Minister Pirapan Salirathavibhaga affirmed that electricity tariffs for households in Thailand will remain unchanged from May to August, maintaining the current rate of 4.18 baht per unit. Pirapan, also serving as a deputy prime minister, explained that this decision has been made possible due to the continuation of gas production in the Gulf of Thailand by PTT Exploration and…
- Business News
Thailand urged to speed up joint gas project with Cambodia
Energy experts urged Thailand to accelerate discussions on a joint gas production endeavour with Cambodia in the overlapping claim area (OCA). The call comes in light of the global shift towards clean energy, which could pose challenges to new petroleum projects due to their contribution to carbon emissions. Despite its initiation in 2001, the OCA negotiations have yet to progress…
- Business News
Thachang Green Energy projects major expansion by 2026 with new power plants
Thachang Green Energy (TGE), an operator and developer of biomass power plants listed on the Stock Exchange of Thailand (SET), projects a significant business expansion between 2025 and 2026. This growth is attributed to the additional power generation capacity from imminent power plant projects. While no capacity increment is planned for this year, TGE predicts a revenue surge of over…
- Business News
EGCO finalises Compass Portfolio acquisition, boosting US power capacity
Electricity Generating (EGCO), the power generation subsidiary of Thailand’s Electricity Generating Authority, has finalised the purchase of the Compass Portfolio in the US, a move that boosts the company’s overseas earnings from the energy sector. The acquisition bolsters EGCO’s total power generation capacity to 652 megawatts, a figure determined by its stake in the Compass Portfolio. Thepparat Theppitak, EGCO President,…
- 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…
- Business News
Bangchak to balance expansion and emission reduction
Bangchak Corporation Plc, the energy giant, has pledged to harmonise its business expansion with a reduction in greenhouse gas emissions over the next seven years. Chaiwat Kovavisarach, the CEO, emphasised the need to merge profitability with active initiatives to shrink the global warming-causing gases. The company and its subsidiaries are due to receive an allocation of 150 billion baht for…
- Thailand News
Diesel drama: Choice of petrol diminished
In a game-changing move, the Energy Business Department is racing towards Cabinet approval to discontinue the sale of B10 diesel oil, leaving only B7 and B20 options at the pumps. Department Director-General Nanthika Thangsupanich explains this electrifying decision, spurred by the Energy Policy Committee’s bid to streamline diesel oil offerings and clear the fog of confusion for the masses. As…
- Thailand News
NEPC plans to cap power tariff for Thai households at current rate
The National Energy Policy Council (NEPC), in its recent meeting, moved to limit the power tariff for households consuming not more than 300 units a month at the existing rate of 3.99 baht per unit, an insider familiar with the meeting discussions revealed. In the NEPC meeting, led by Prime Minister Srettha Thavisin, two main points were reviewed, both related…
- 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…
