According to the ERC, from May to August, the cost of electricity in Thailand will decrease by 2 satang per unit. The Fuel Tariff Adjustment Committee has approved a proposal to reduce the cost from 4.72 baht per unit to 4.70 baht per unit. However, it is not known which population groups will benefit from this decision, and who will be the losers.
Businesses that consume large amounts of electricity will benefit the most. Reducing the cost of electricity will reduce their production costs, which can lead to an increase in production and growth of the economy as a whole. However, an increase in production may lead to an increase in environmental pollution and other negative consequences.
For small and medium-sized enterprises that consume less electricity, the cost reduction may seem insignificant. However, even a small reduction in electricity costs can be an important factor in a highly competitive environment.
Residents using little electricity are unlikely to feel the significant impact of tariff cuts. However, a decrease in the cost of electricity may lead to an increase in consumption and, consequently, higher electricity bills in the future.
Overall, lowering the cost of electricity could have a positive impact on the Thai economy and benefit large enterprises. However, in order to avoid negative consequences, it is necessary to take measures to reduce energy consumption obtained in the classical way and to develop environmentally friendly energy sources.
