Higher power bills will be a key factor awakening businesses in the manufacturing sector to a need to seriously adopt renewable energy to relieve an increase in their production costs, estimated at 4.88% on average, says the Industry Ministry.
The Energy Regulatory Commission (ERC) has decided to maintain the power tariff at 4.72 baht per kilowatt-hour (unit), keeping electricity bills for households unchanged for the first four months next year, but it plans to increase the tariff imposed on businesses.
Entrepreneurs under the Federation of Thai Industries (FTI) plan to increase product prices by 5-12% if the government implements its plan to increase the power tariff between January and April next year.