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?
Type
Question
Availability
Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
Type
Question
Availability
Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
Type
Question
Availability
Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
Type
Question
Availability
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.