Asia-Pacific
With a power score of 2.17, Thailand ranks number 29 among Emerging Markets and number 7 in the Asia-Pacific region
Power score
2.17/5
Score over time
2021 - 2024
Thailand has a power score of 2.17, which puts it at rank 29 in the Emerging Markets power ranking. In comparison to 2023, Thailand has improved in the power rankings by 2 places, from rank 31, to rank 29.
At 2.17, the power score of Thailand is better than than the regional average of 1.94 in the Asia-Pacific region and puts it at rank 7 in the region.
Thailand implements policies in 5/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Import tax incentives, and Renewable Energy Certificates.
The average electricity price in Thailand has increased from 113.39 USD/MWh in 2022 to 128.82 USD/MWh in 2023. Since 2017, the average electricity price in Thailand has fluctuated between 100.58 USD/MWh (2017) and 128.82 USD/MWh (2023).
The top amount of capacity installed in Thailand in 2023 was in Natural Gas at 55.01%, up from 54.96% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 6.28%, up from 6.1% in 2022.
The top amount of electricity generated in Thailand in 2023 was in Natural Gas at 68.13%, up from 64.11% in 2022.
Investment in clean energy in Thailand was around $117.19 million in 2023, a decrease of 58.17% from 2022 ($280.20 million). Between 2018 and 2023, the highest investment in clean energy was in 2022 at $280.20 million, while the lowest was in 2023 with $117.19 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly�increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.