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Akanat Parnsupa Revamps Energy Structure, Accelerates Solar PPA

Akanat Parnsupa Revamps Energy Structure, Accelerates Solar PPA

Matichon•Economy•2d ago

Reader Briefing

Thai Energy Minister Akanat Parnsupa announces sweeping reforms to address energy crisis.

  • •Thai Minister of Energy, Akanat Parnsupa, outlined a plan to restructure the electricity and oil industries.
  • •Key initiatives include accelerating direct power purchase agreements (PPAs) for solar photovoltaic (PV) and revising oil pricing mechanisms.
  • •The minister emphasized government control over prices to protect public interests and called for energy conservation due to Middle East instability.

Overview

  • •On April 11, Minister of Energy Akanat Parnsupa announced government policy in response to the energy crisis.
  • •Minister Akanat Parnsupa stated that the nation is facing a significant energy crisis impacting citizens' livelihoods.
  • •Minister Akanat Parnsupa initiated a review of oil pricing mechanisms by consulting with refineries due to abnormal profit margins.
  • •Minister Akanat Parnsupa announced reductions in ex-refinery oil prices, a first for the country, to alleviate public costs.
  • •Minister Akanat Parnsupa plans to further scrutinize April's refining margins to implement additional oil price reductions for the public.
  • •Minister Akanat Parnsupa will utilize the Oil Fund in conjunction with ex-refinery price adjustments to address the price crisis, rather than reducing excise taxes.
  • •Minister Akanat Parnsupa affirmed that the government, not private entities, will regulate prices to safeguard public interests.
  • •Minister Akanat Parnsupa urged the public to conserve energy due to the uncertain duration of the Middle East situation.

Full article content is available on the original source.

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Source: Matichon (Original)

Key Quotes

Akanat Parnsupa
"I affirm that in my work, I will not allow the private sector to regulate prices; instead, the government must regulate the private sector to protect the public's interests."
ผมขอยืนยันว่า การทำงานของผม จะไม่ยอมให้เอกชนมาเป็นผู้กำกับราคา แต่รัฐบาลเองจะต้องเป็นผู้กำกับเอกชน เพื่อปกป้องผลประโยชน์ของพี่น้องประชาชน
Akanat Parnsupa
"I affirm that in this role, I will absolutely work without deference to capitalists."
ขอยืนยันว่าในการทำหน้าที่ตรงนี้ ผมจะทำงานแบบไม่เกรงใจนายทุนอย่างเด็ดขาด
Akanat Parnsupa
"I ask for public cooperation to prepare and adjust energy consumption behavior to be economical and efficient, as we do not know how long the Middle East situation will drag on."
ขอความร่วมมือของประชาชนให้เตรียมพร้อมและปรับพฤติกรรมการใช้พลังงานให้ประหยัดและมีประสิทธิภาพ เพราะไม่รู้ว่าสถานการณ์ในตะวันออกกลางจะยืดเยื้อไปนานแค่ไหน

Key Entities

Person

Akanat Parnsupa(เอกนัฏ พร้อมพันธุ์)ℹ️
Minister of Energy of Thailand responsible for energy policy reform and crisis management.

Organization

Ministry of Energy(กระทรวงพลังงาน)ℹ️
The government ministry responsible for Thailand's energy policy and regulation.
Committee for the Study of Appropriateness in Determining Fuel Oil Costs (KTR)(คณะกรรมการศึกษาความเหมาะสมในการกำหนดต้นทุนราคาน้ำมันเชื้อเพลิง (คตร.))
A committee whose data on fuel oil cost determination was utilized by the Minister of Energy.
Department of Energy Business(กรมธุรกิจพลังงาน)
A government department tasked with collecting energy-related data, including from refineries to service stations, under the Ministry of Energy.
Oil Fund(กองทุนน้ำมันเชื้อเพลิง)
A government fund used to manage fuel prices and stabilize the market, to be utilized by the Ministry of Energy in crisis management.

Policy

Solar PV(โซลาร์ปชช.)ℹ️
Photovoltaic solar energy, which the Ministry of Energy aims to promote through direct PPAs and by reducing installation barriers.
Direct PPA(direct ppa)ℹ️
Direct Power Purchase Agreement, a mechanism being promoted by the Ministry of Energy to allow industries to purchase clean electricity directly.