Energy Conservation Fund Reports 30-Year Success With 516 Billion Baht Savings
Thailand's Energy Conservation Promotion Fund has saved 516.7 billion baht in energy costs over 30 years by funding 14,870 conservation projects, more than tripling its 142.3 billion baht investment across factories, schools, hospitals and
Thailand's Energy Conservation Promotion Fund Office has released comprehensive statistics showing that over 30 years, from 1995 to 2025, it allocated approximately 142.3 billion baht to 14,870 energy conservation projects, resulting in total energy savings of about 21,287 kilotons of oil equivalent (ktoe), valued at approximately 516.7 billion baht—more than three times the amount invested. Fund Manager Ratchathat Siripanit announced that the majority of funding went to factories, buildings, government agencies, hospitals, educational institutions, SMEs, and farming groups in line with government policy.
Historically, the fund operated under the Ministry of Finance until 1995, then transferred to the Ministry of Energy in 1998, and finally became an independent fund in 2019. It now continuously supports energy conservation and renewable energy projects nationwide through research support, technology development, innovation, and workforce capacity building. After a funding pause from 2022 to 2023, allocations resumed in 2024 with 1.25 billion baht, generating annual energy savings of 171.26 ktoe valued at approximately 7.95 billion baht. Most 2024 support went toward solar rooftop and farm installations at 141 government offices, 817 remote communities without electricity, 71 schools and hospitals, and 10 farming and community enterprise groups, totaling 1,134 systems at 19.87 megawatts, offsetting 111.4 million baht in annual electricity costs.
The fund also supports energy efficiency improvements at over 600 regulated buildings and factories, spurring over 760 million baht annually in private sector investment from more than 80 industrial and commercial operators, resulting in combined energy savings worth 7.84 billion baht. For 2025, funding allocation is under review, targeting reduced living costs through renewable energy installation at over 1,200 village water systems nationwide, 1,000 agricultural and public water well systems, 74 off-grid solar community systems, 45 state hospitals, and 800 border security outposts. The fund also aims to support energy efficiency investments from over 200 businesses and renewable energy projects from 200 farming and community enterprise groups.
