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Energy reform 'must proceed'

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Trucks stop along Vibhavadi Rangsit Road near the Energy Ministry in Bangkok in 2022 as part of a protest urging action over high fuel prices. (Bangkok Post file photo)

Finance Minister Ekniti Nitithanprapas said the government would need to work more closely with the private sector on energy transition measures if the Constitutional Court decides to reject its 400-billion-baht emergency borrowing decree, stressing that energy reform is vital to economic security.

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Summary

He was commenting ahead of Thursday's Constitutional Court ruling on the decree, which authorises the Ministry of Finance to borrow up to 400 billion baht to address energy-related pressures and support the country's energy transition.

Under the plan approved by cabinet on May 5, 200 billion baht would be used to ease cost-of-living pressures linked to the Middle East conflict, while the remainder would support renewable energy development.

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