WRONG! COMPLETELY WRONG!!
As has been explained several times by many here (pretty well everyone except @sometimewoodworker) this is simply untrue. Whether "any voltage regulator will do what you want and "have a minimal effect on your PEA bill" will depend entirely on what you buy. Buy a good one, with all the knobs and whistles, and it'll do what you want - but, as @hazz said, it'll cost you 100 - 150,000 baht; buy a piece of Chinese junk for "19,900 baht" or so and all you get is ... a piece of Chinese junk.
As several posters have said, repeatedly, there is no magic bullet and you din't get something for nothing.