Energy Ministry
- Business News
Fuelling growth: Thailand’s energy use rises as tourism powers up
The Department of Energy Business revealed fuel consumption in Thailand saw a 2.1% rise last year, reaching a daily average of 155.4 million litres, in tandem with an estimated GDP growth of 2.6-2.7%, largely fuelled by bustling tourism-related industries. In 2023, total fuel consumption was slightly less, at 152.3 million litres per day. Jet fuel, driven by the surge in…
- Bangkok News
Thailand considers cutting free public lighting to lower power bills
The Provincial Electricity Authority (PEA) stated that discussions among national state agencies are necessary regarding the Energy Ministry‘s proposal to reduce power bills by cutting the government’s free electricity supply to public lighting. Currently, local administrative bodies and departments responsible for highways and rural roads are exempt from paying for public lighting, a cost shouldered by the government amounting to…
- Thailand News
Thaksin denies Cabinet reshuffle, supports energy cost cuts
Thaksin Shinawatra, Thailand’s former prime minister and the alleged de facto leader of the Pheu Thai Party, has put to rest rumours suggesting the potential dismissal of Energy Minister Pirapan Salirathavibhaga in the next Cabinet reshuffle. Yesterday, January 5, Thaksin clarified that no such reshuffle is currently planned. Pirapan, for his part, denied any discord with Prime Minister Paetongtarn Shinawatra…
- Thailand News
Thai PM and Energy Minister clash over clean energy vision
Tensions have erupted in Thailand’s government as Prime Minister Paetongtarn Shinawatra and Energy Minister Pirapan Salirathavibhaga lock horns over the nation’s clean energy future. A disagreement, which has reportedly been simmering for weeks, boiled over yesterday, November 26, leading to the abrupt cancellation of a joint press conference following a National Energy Policy Board meeting. While PM Paetongtarn addressed the…
- Business News
Thailand considers petroleum reserve amid oil price volatility
Thailand is considering various strategies to mitigate the impact of global crude oil price fluctuations, beyond merely subsidising domestic oil prices through the dwindling Oil Fuel Fund. One proposed solution is the development of a strategic petroleum reserve (SPR) to enhance national oil security and safeguard against potential supply disruptions caused by geopolitical conflicts. Energy Minister Pirapan Salirathavibhaga suggested the…
- 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…
- Business News
Oil Fuel Fund in Thailand faces 84.3 billion baht loss
A confidential source from the Energy Ministry revealed that a meeting is scheduled this week to address the considerable loss of 84.3 billion baht (US$2.35 billion) incurred by the state Oil Fuel Fund due to its oil and gas subsidy programmes. Despite the substantial deficit, the fund’s financial status is deemed manageable. The discussion will be spearheaded by a subcommittee…
