Thailand's government is renegotiating long-term power purchase agreements with private generators after the National Energy Policy Committee approved talks on July 17. Deputy PM Pakorン Nilpraband emphasized the need to review 50-year contracts periodically (e.g., every 10 years) to align with inflation and cost changes, as current rates (~2.16 baht/unit) may not reflect actual production costs. The broader strategy includes reviewing the Power Development Plan (PDP), reducing transmission costs, exploring SMRs and ASEAN Smart Grid integration, and ensuring affordable electricity access—critical factors for Thailand's long-term competitiveness against lower-cost neighbor economies.