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News Forum - Electricity prices soar 18% to 4.72 baht per unit next month


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Electricity prices are already at a record high rate of 4 baht per unit, topping an 8-year old record, and have now been approved to surge another 18%. When global oil prices rocketed up to US $110 per barrel in 2014, Thai energy prices hit 3.96 baht per unit. Coming out of the Covid-19 pandemic, the demand for all forms of energy has soared, pushing electricity costs to 4 baht and now, for the fourth quarter, 4.72 baht per kilowatt hour. On Monday, the Energy Regulatory Commission posted on Facebook, declaring the approval of the 18% energy price hike. They […]

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