On 22 July 2024, the Thai Cabinet approved the Ministry of Energy’s proposal to keep the electricity price unchanged at 4.18 baht per unit for both households and businesses from September through December. This decision comes as a relief to many consumers amid global economic uncertainties.
Energy Minister Pirapan Salirathavibhaga announced that smaller households, using fewer than 300 units of electricity per month, will benefit from a reduced rate of 3.99 baht per unit. This adjustment aims to ease the financial burden on low-consumption households.
In addition, the Cabinet has decided to hold the pump price of diesel steady at 33 baht per litre until the end of October. This move is intended to alleviate the financial pressure on the transport sector, which has been struggling with fluctuating fuel costs. Pirapan stated that the Oil Fuel Fund will be utilized to manage and stabilize the diesel prices during this period.
Previously, the Office of Energy Regulatory Commission had proposed increasing electricity prices to between 4.65 and 6.01 baht per unit, in response to global price hikes and the depreciation of the baht currency. However, today’s decision marks a deviation from that plan, reflecting the Cabinet’s commitment to mitigating the impact of rising energy costs on consumers and businesses alike.
Officials are closely monitoring the situation and adjusting policies as needed to support the Thai economy and manage the impact on everyday life.
