Thailand to See Electricity Price Increases Amid Rising LNG Costs
The country’s Energy Regulatory Commission is expected to propose new tariffs ranging between approximately 3.95 and 4.59 Thai baht per kilowatt-hour, compared to the current rate of around $0.11 in place until the end of April. The highest proposed rate would mark an increase of up to 18%, underscoring mounting financial pressure on both households and businesses.
Thailand depends heavily on LNG—along with domestic gas supplies from the Gulf of Thailand and imports from Myanmar—for roughly 60% of its electricity production, making it particularly vulnerable to fluctuations in global energy prices.
Cost pressures have intensified after two LNG shipments from Qatar, each carrying 60,000 tons, were unable to transit the Strait of Hormuz. As a result, spot LNG prices have surged to about $25 per million British thermal units, nearly double the average seen last year, significantly raising fuel expenses for electricity generation.
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