Bangkok energy storage electricity price

Will Thailand's electricity prices rise or fall after April 2025?

Whether Thailand's electricity prices rise or fall after April 2025 needs to be closely watched, following the state decision to trim the power tariff to 4.15 baht per kilowatt-hour (unit), down from 4.18 baht per unit in 2024. The new power tariff, which is used to calculate power bills, is applicable from January to April 2025.

Can Thailand use energy storage?

Although Thailand is a regional leader in renewable energy, its use of energy storage is nascent. EGAT undertook some studies on the potential for energy storage and is piloting three battery energy storage installations. One is located alongside a solar project in Mae Hong Son Province to improve power supply stability.

How much is fit for solar in Thailand?

In an unexpected move, the government of Thailand has introduced a feed-in-tariff (FIT) of THB 2,1679 ($0.057)/kWh over 25 years for solar and a 25-year FIT of THB 2,8331/kWh for solar plus storage.

Why is battery storage a problem in Thailand?

This is partly due to a lack of clarity on how battery storage fits into existing electricity infrastructure. In 2022, the Thai government approved 24 BESS projects, all of which were located alongside solar operations. Their total combined storage capacity was 994 MW.

Who buys electricity in Thailand?

It is the principal purchaser of electricity in Thailand and sells all the power it generates or purchases (from private power producers and neighboring countries) to two state-owned enterprises: the Metropolitan Electricity Authority (MEA) and the Provincial Electricity Authority (PEA).

What factors determine electricity prices in Thailand?

According to the ERC, key factors that determine electricity prices include gas prices as well as a need to allocate part of power bills to reimburse the Electricity Generating Authority of Thailand (Egat) and PTT Plc, the national oil and gas conglomerate.