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Prime Minister Setthawut Thavisin rejected the increase in electricity tariffs starting January 1, 2024.

Prime Minister Srettha Thavisin rejected the increase in electricity tariffs starting January 1, 2024.

The Prime Minister explained his decision by stating that the hike in electricity prices could be too burdensome for consumers and might undermine the government's popularity in the upcoming elections.

A week ago, the ERC commission approved a decision to raise the electricity tariff for household consumers by 12.5%, from 4.20 baht to 4.68 baht per unit.
 
It is expected that the ERC will reconvene in January to discuss the government's decision. It remains unclear whether the commission will agree to suspend the increase or propose a lower adjustment.
 
Deputy Prime Minister and Energy Minister noted that the tariff increase is necessary to cover the rising cost of fuel caused by the conflict in Ukraine. He mentioned that the ministry is working to reduce the country's dependence on imported natural gas and promote the use of renewable energy sources.
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