Prime Minister reveals 3 solutions to the energy crisis

The government has done well enough.

After Thailand maintains BBB+ ranking

Thairath Online

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22 Jun 2022 16:33

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Prayut reiterates the need to speed up the resolution of the energy crisis, revealing 3 main ways to solve the problem, pointing out that the government has done well enough after Fitch Ratings maintains Thai rating BBB+, and fiscal strength is stable.

At 1:30 p.m. on June 22, 2022, General Prayut Chan-o-cha, Prime Minister and Minister of Defense

Chaired the meeting of the National Energy Policy Council (NEPC) No. 4/2565 with Mr. Supattanapong Punmeechao, Deputy Prime Minister and Minister of Energy, Gen. Anupong Paochinda, Minister of Energy. Ministry of Interior, Mr. Arkhom Termpittayapaisith

Minister of Finance, Mr. Suriya Jungrungruangkit

Minister of Industry

and related agencies participated

The Prime Minister said at one point before the meeting that

You all know that we have quite a lot of energy problems.

both internal and external factors

We need to expedite the situation as much as possible.

But there's one thing that's nice.

The rating is Fitch Ratings. Maintaining Thailand's credit rating at BBB+, a strong and stable fiscal standard, we've been cautiously solving the problem.

in caring for those affected and the stakeholders (stakeholders) involved.

Able to stay within the framework and maintain discipline in finance and finance as well

Thank you to all directors

Subsequently, at 3:00 p.m. after the meeting

Gen. Prayut revealed that the meeting considered many activities related to energy management.

It's not just about the expensive or not-so-expensive fuel price.

But it's about energy as a whole.

There are many things to know

Progress in operations and congestion problems

that need to adjust the form of our energy use to match the current situation

In particular, the use of lignite coal power plants to use other sources of energy to replace them because gas and oil costs are higher.

The details of the Ministry of Energy will be clarified again. 

Gen. Prayut

went on to say that

Everyone knows about energy.

Not only in Thailand, but in every country in the world today. Many groups, many parties are involved. Therefore, our 3 main points are the more expensive energy factor today. We have to study and understand where the factor comes from.

from outside or inside

Happening all over the world?

or only Thailand

“Therefore, I would argue that every country that imports a large amount of foreign energy costs will be affected.

We already know.

How much energy do we have?

Energy sources in the country, whether land, sea, whatever.

which the government is trying to find additional sources of energy to replace

to solve this problem in the future in a sustainable way

It is a matter of further consideration.

In this part, we will have to solve the problem.”

Gen. Prayut

Continues to address the problem that 1. We must take care of the stability of energy stability.

not causing shortages or expansion

to enable business operations to continue

2. We must take care of energy prices so that they do not affect the people too much.

Especially the price of diesel and cooking gas, which affects the cost of living for the people in a wide area.

Today, Thai oil prices, compared to neighboring countries, are still low.

Ranked 7th or 8th out of 10 ASEAN countries

3. We will support families or vulnerable groups.

through any measures, such as the state welfare card measures

or as an activity

Entrepreneurs

and must maintain a balance of various spending

These are to help sustain energy and economic growth and fiscal stability for future growth.

If we are too burdened

The next day everything will return to us again.

Therefore, we must walk as carefully as possible.

“One thing is confirmation that what the government has done today

Although some disliked, some disliked, today we have to listen to the results of the credit rating of Fitch Ratings, which gives high level of confidence in Thailand's fiscal stability, namely BBB+. Just like before COVID-19

Even before the power problem now exists.

Shows that we have performed fairly well, confirming here, trying to do our best in everything.”

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