"Akanat" vows no private price control, plans energy overhaul

MGR Online•Economy•2d ago

Reader Briefing

Energy Minister Akanat Promphan announces plans to restructure Thailand's energy sector to control prices and enhance energy security.

•Thailand's Energy Minister Akanat Promphan has declared a policy to prevent private companies from dictating energy prices.
•The minister announced a planned overhaul of the oil power structure, reserve fund, and direct PPA system.
•Initiatives include promoting solar energy for citizens and exploring long-term solutions like national oil reserves and biofuels.
•The government intends to regulate private energy companies to protect public interests.

Overview

•Minister of Energy Akanat Promphan stated that Thailand is facing a significant energy crisis affecting people's livelihoods.
•Minister Akanat Promphan is accelerating efforts to address pricing issues for the public by reviewing fuel cost calculations.
•The Ministry of Energy is investigating the refining margins for April with the aim of reducing oil prices for consumers.
•A deliberate decision was made to utilize the Oil Fund mechanism and adjust refinery prices for crisis resolution, rather than reducing excise taxes.
•The Department of Energy Business will collect data from refineries to oil depots, jobbers, and service stations to prevent exploitation.
•To ensure long-term readiness, Thailand, which imports over 90% of its crude oil, will establish a national oil reserve.
•The Ministry of Energy is considering a tiered electricity pricing structure (pay less if you use less, pay more if you use more).
•Minister Akanat Promphan emphasized that the government will regulate private sector pricing to safeguard public interests.

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Key Quotes

Akanat Promphan

"My work will not allow the private sector to control prices; the government itself must regulate the private sector to protect the people's interests."

การทำงานของผม จะไม่ยอมให้เอกชนมาเป็นผู้กำกับราคา แต่รัฐบาลเองจะต้องเป็นผู้กำกับเอกชน เพื่อปกป้องผลประโยชน์ของพี่น้องประชาชน

Akanat Promphan

"I affirm that in performing this duty, I will work without any fear of capitalists."

ขอยืนยันว่าในการทำหน้าที่ตรงนี้ ผมจะทำงานแบบไม่เกรงใจนายทุนอย่างเด็ดขาด

Key Entities

Person

Akanat Promphan(เอกนัฎ พร้อมพันธุ์)

Minister of Energy of Thailand responsible for energy policy and restructuring.

Organization

Ministry of Energy(กระทรวงพลังงาน)

The government ministry overseeing Thailand's energy sector.

Committee for the Study of Appropriateness in Determining Fuel Oil Cost(คณะกรรมการศึกษาความเหมาะสมในการกำหนดต้นทุนราคาน้ำมันเชื้อเพลิง)

A committee whose data on fuel oil cost is being utilized by the Minister of Energy.

Department of Energy Business(กรมธุรกิจพลังงาน)

A department under the Ministry of Energy tasked with collecting energy-related data.