Energy sector ploughs ahead

Published onJanuary 15, 2021

Unlike some reforms in Thailand that face hurdles because of political power plays among authorities, changes in the energy industry have no excuse for delay. With the rapid growth of renewable energy, the phasing out of fossil fuel-based electricity generation is unavoidable. The role of state-run Electricity Generating Authority of Thailand (Egat) as the sole electricity vendor is also poised to change. Renewable energy is almost competitive with fossil fuel-based power generation, while energy storage system (ESS) technology, which helps store electricity produced by such power sources as the sun, is also making steady progress. One factor lowering the price of ESS is fast-growing demand for electrical vehicles (EVs) in many developed countries. Some nations announced zero carbon emission campaigns in the transport sector and intend to reach the goal between 2020 and 2060, a move that will cause a shift from petrol-powered cars to EVs. In Thailand the EV market is gradually taking shape following support from the government. Within a decade, internal combustion engines will face significant competition as motorists increasingly abandon these types of cars, said Danucha Pichayanan, secretary-general of the National Economic and Social Development Council.

Source: https://www.bangkokpost.com/business/2048915/energy-sector-ploughs-ahead