Thai Power Bills Soar as Country Becomes More Dependent on Imported Gas

Thailand's reliance on imported natural gas is driving up electricity costs for households and businesses across the country.

Natural gas supplies around 58-65% of Thailand's electricity generation, making it a crucial component in the country's energy economics. However, domestic natural gas production has been declining over the years, with imports increasingly filling the supply gap.

The shift towards more expensive imported liquefied natural gas (LNG) exposes Thailand to global fuel prices, shipping costs, and exchange rate fluctuations. This makes it difficult for utilities to control their fuel costs and pass on the increased expenses to consumers through the Fuel Adjustment Charge (Ft).