New Energy Law Introduces Monthly Oil Price Adjustments
The Energy Ministry is drafting a new Energy Act to allow monthly oil price adjustments based on actual costs. The act will promote free trade in energy and is expected to be finalized this year. It includes 180 articles and aims to support a stable and sustainable energy system.
The Energy Ministry is drafting a new Energy Act to permit monthly oil price adjustments based on actual costs instead of global prices.
Deputy PM and Energy Minister Pirapan Salirathavibhaga announced that the draft includes 180 articles and is undergoing legal review.
The act will also allow transport operators, charitable organizations, and agricultural cooperatives to procure their own oil to promote free trade in energy.
The draft, which began in April, is expected to be finalized within the year alongside a law for installing solar panels on residential buildings.