Bangkok: The Energy Regulatory Commission (ERC) has announced the impending launch of a 2,000-megawatt Direct Power Purchase Agreement (PPA) this December. The commission also hinted at a possible freeze on electricity prices from January to April 2026, maintaining the current rate of 3.94 baht per unit.
According to Thai News Agency, Dr. Poonpat Leesombatpaiboon, Secretary-General and spokesperson for the ERC, discussed the electricity price trends for early 2026 following Energy Minister Atthapol Rerkpiboon’s “Quick Big Win” policy aimed at reducing energy costs for the public. Dr. Leesombatpaiboon noted that while global energy demand typically rises toward the end of the year, leading to higher gas prices, current abundant gas supplies have kept price movements modest. This situation could positively influence electricity prices, although a detailed analysis of all contributing factors, including imported electricity costs and outstanding debts to state enterprises EGAT and PTT, is necessary.
The ERC is examining the possibility of maintaining electricity prices at the current level. The decision on whether prices can be reduced will depend on a comprehensive review of the data. Additionally, the commission is considering how to manage the remaining 5 billion baht in clawbacks used to subsidize electricity costs, particularly in the face of national crises or significant fluctuations in Ft rates.
Progress on the 2,000 MW Direct PPA is underway, with preliminary criteria approved and public consultations open via the ERC website until October 10, 2025. The commission aims to complete consultations by October 10th, submit findings to the ERC by October 15th, and reach a conclusion by November.
The ERC is expediting the Direct PPA process to ensure its implementation by December, positioning it as a “gift” for the holiday season. The pricing structure is under review, with considerations by the EGAT expected to finalize this month. The ERC has assured that green energy will not increase the cost burden on the public, as additional premiums will be required from users needing transmission lines under the Direct PPA.