Thailand's Deputy PM announced a government review of long-term power purchase agreements (PPAs) to reduce electricity costs, with negotiations authorized to proceed without further cabinet approval. The current average purchase price is ~2.16 baht/unit; reviews will examine whether prices reflect actual production costs, availability payments, and align with international standards. This is critical for SME competitiveness, as high electricity costs threaten Thailand's ability to attract investment and compete with neighboring countries offering lower energy prices and labour costs.
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