Private sector, high energy prices affect production costs Support tax reduction – price fixing
On October 28, 2021 at 3:05 p.m.
FTI reveals FTI Poll, worried about rising energy prices, affecting industrial costs Issue a policy to support renewable energy
Mr. Wirat Uanarumit, Vice President of the Federation of Thai Industries (FTI), revealed the results of the 11th FTI Poll in October 2021 under the heading “Energy prices skyrocket. How does it affect the industrial sector?” It was found that FIAT executives viewed the current rising energy price situation. It affects the business operations of the industrial sector at a moderate to high level. especially in the cost of production of goods and services including rising logistics costs
It proposed to ask the government to help alleviate the aforementioned impact. By fixing electricity prices automatically (FT) until the end of 2021, adjusting the formula and price structure temporarily for 3 – 6 months to reduce the burden on operators, including implementing a policy to promote the use of renewable energy. to reduce long-term dependence on fossil fuels
However, from the survey of 150 CEOs, covering executives from 45 industry groups and 76 provincial industry councils. There is a summary of the survey results of the 11th FTI Poll with 7 questions as follows: 1. The current rising energy prices. 49.3% moderate impact on industrial sector, 38.0% high impact and 12.7% low impact.
2. What factors affect energy prices to rise today? Found that the 1st place, oil production policies of oil producing countries 76.7%, 2nd place: the recovery of the global economy, resulting in an increase in energy demand by 68.7%, 3rd place, currency fluctuations and the baht depreciated 53.3%, ranked No. 4, increasing energy demand from winter in western countries 51.3%.
3. What percentage of your business’s energy cost is currently? Compared with operating costs, it was found that the first place was 10-20% energy cost, followed by energy cost less than 10-24.0%, energy cost 30 – 50%, and energy cost more than 50% 10.0%.
4. The trend of rising energy prices What affects the business operation? No. 1, the cost of production of goods and services increased by 88.0%, No. 2, transportation and logistics expenses increased by 84.0%, and the third place was born. inflation And affecting the purchasing power / consumption of the private sector 34.0% and the fourth place lacks raw materials from China. from power shortage 25.3%
5. How should the government sector have measures to help mitigate the impact of rising energy prices? No. 1 freezes electricity prices (FT) until the end of 2021 66.0% 2nd revise formula and energy price structure temporarily 3 – 6 months to reduce the burden of 56.7% entrepreneurs To compensate and fix the price of all types of energy 54.0%, 4th place, reduce the excise tax rate VAT to reduce the price of retail oil LPG (LPG) and NGV 53.3%
6. How should the government sector implement a long-term energy policy? to create energy security and reduce the impact of fluctuating energy prices. No. 1 Promote the use of renewable energy. To reduce dependence on fossil fuels by 74.7%, No. 2 promotes energy saving. and using technology to increase efficiency by 72.7% 64.0% 4th place promotes the use of electric vehicles 44.0%
7. How should the industrial sector adapt to cope with rising energy prices? No. 1 uses efficient technology and equipment to reduce and save 77.3% energy. Adjust production and logistics plans to reduce costs by 73.3%. 3rd place: Use of renewable energy in factories or produce electricity for use by yourself, such as Solar cell, Biogas, Biomass 71.3%. Energy saving 59.3%
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