How do Thailand's electricity costs
compare to other ASEAN countries?

 


Thailand ranks 5th among the ASEAN countries with the highest electricity costs.

 

          The weather in Thailand is always hot in any season. Everyone would turn on the air-conditioner, even though they know the electricity will increase, without a doubt. And may increase for the next month. The Energy Regulatory Commission (ERC) has planned to increase the electricity cost after August 2024 which is 4.18 Baht/unit currently.

          If we compare Thailand’s electricity cost with other countries in ASEAN, we will find that Thailand ranks 5th, the country has the highest electricity bill in ASEAN. And may continue increasing because of energy power factors.

  1. Singapore average 8.01 Baht/Unit

  2. Philippines average 7.10 Baht/Unit

  3. Cambodia average 5.45 Baht/Unit

  4. Indonesia average 4.21 Baht/Unit

  5. Thailand average 4.18 Bht/Unit (End of year 2024 may raise up to 4.65-6.01 baht/Unit

  6. Vietnam average 3.57 Baht/Unit

  7. Laos average 2.29 Baht/Unit

  8. Malaysia average 1.80 Baht/Unit

  9. Myanmar average 1.70 Baht/Unit

  10. Brunei average 1.48 Baht/Unit

 

* Information from the Energy Regulatory Commission: February 2024

 

          Thailand is considered a country with a moderate electricity rate compared to other ASEAN countries. Thailand can generate electricity from natural gas, coal, and renewable energy sources, which it can export to other countries that cannot produce enough electricity to meet their demand.

 

          The increase in electricity rates is due to the depreciation of the Thai baht and the rising price of natural gas in the global market, especially during the winter season at the end of the year. The reduced production of electricity from hydroelectric and coal power plants, which are cheaper options, along with the debts that EGAT has to repay, contributed to the increase in electricity costs.

 

          For people in villages, apartments, and condominiums who want to install electricity meters for accurate electricity billing, we, LeKise, recommend our brand-new electricity meters, accurate, and precise with standardized. Quality you can trust.

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Source : https://www.thairath.co.th/scoop/infographic/2801181