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Bangkok Post
Bangkok Post
National

Business sector warns prices will rise if cost of electricity goes up

Electricity Federation of Thai Industries FTI Khomgrich Tantravanich ERC
Buyers search for bargains at a products fair in Bang Na in June. Producers warn that prices will rise sharply if a planned increase in electricity charges goes ahead next month. (File photo)

The Federation of Thai Industries has warned that product prices will rise if the government approves a planned electricity price hike from next month.

FTI chairman Kriangkrai Thiennukul said on Tuesday that increasing the cost of electricity, currently 4.72 baht per unit, would force businesses to gradually increase prices of their products by 5-12%.

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