Thai MP Warns of New Energy Crisis and Calls for Market Reform

Key summary

Anusorn Damjai, a deputy chairman of the Finance Committee and Bangkok MP for the People's Party, warns that Thailand is facing a severe new energy crisis. He proposes comprehensive market reforms to break monopolies and liberalize the electricity market. The government must urgently utilize a 200 billion baht loan to proactively restructure the energy sector, increase oil reserves beyond 100 days, and reform the fuel fund structure. Due to heavy losses in the fuel fund, reducing excise taxes on oil may be necessary if fiscal constraints allow. Measures include separating accounts for oil and LPG subsidies, shifting from blanket price interventions to targeted assistance via welfare cards or discount coupons, and promoting energy efficiency in government, private, and public sectors. The report also outlines support for SMEs, low-interest loans, and specific aid for vulnerable groups, including fishermen and farmers.