Thailand Unveils 2025 Power Plan Aiming for Net Zero by 2050
Thailand's Ministry of Energy has unveiled a multi-pronged strategy to stabilise electricity prices and promote sustainable energy use. Key initiatives include a new Power Development Plan for 2025, focusing on Net Zero by 2050, and expanded support for community solar projects.
The government aims to keep electricity prices stable, particularly during winter and as fuel costs rise. This aligns with broader economic stimulus measures. A new committee has been appointed to create the updated Power Development Plan, integrating Net Zero strategies to meet Thailand's environmental targets. The plan will build on the existing 2018 plan and is expected to be submitted for approval within four months.
The Energy Minister has established a committee to oversee the 2025 Power Development Plan. Meanwhile, the appointment of the Governor of the Electricity Generating Authority of Thailand (EGAT) will soon be presented to the Cabinet. The Energy Regulatory Commission (ERC) will expedite the establishment of a selection committee to nominate four new members within the same period. The ERC will also set further guidelines for the community solar project.
The Ministry of Energy's priority is to ensure energy prices do not burden the public. Diesel and petrol prices have been reduced effective October 4, and LPG prices are fixed at 423 baht per 15 kg cylinder until October 31, 2025. The 1,500 MW community solar project, involving solar farms providing power to local communities, is expected to reduce energy costs and allow excess electricity to be sold into the grid. The government's tax relief measures for household solar installations will proceed despite some legal challenges, with a target of benefiting 90,000 households.
