Photo by The Scientific World. Banpu Power Plc, the power generation arm of energy conglomerate Banpu Plc, has identified a new opportunity for a free power trade system in Thailand. With the rising electricity bills and a global shift in electricity markets expected, the company plans to leverage advancing digital technology, climate change concerns, and declining costs for renewable energy to facilitate this transition. The Russian-Ukraine conflict’s impact on energy prices and the Thai population’s increased preference for rooftop solar panels contribute to this shift. Banpu aims to pivot towards the power trade business while expanding into energy solutions and electric vehicle sectors. The goal is to create a market where customers can freely choose their electricity sellers and energy types based on their needs and financial situations, without intervention from state-run authorities. The CEO emphasizes the importance of government support for the free power trade system to foster competition and reduce prices for consumers. As Thailand commits to nurturing climate change solutions, the CEO is optimistic about the future of free power trading in the country, aided by technological innovations and high electricity costs. While the timeline for full transition to free power trade in Thailand remains uncertain, Banpu continues to invest in clean energy development projects and advance its energy technology and solution initiatives. The company has also launched an electric vehicle rental service and an on-demand electric tuk-tuk service to cater to commuters in Bangkok.
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