Financial Times · Bangkok Post
Power bills set to rise in final four months
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Households and businesses are bracing for higher electricity bills in the final four months of this year as the Energy Regulatory Commission (ERC) has announced a sharp increase in the fuel tariff (Ft), which is expected to jump nearly fivefold from 0.16 baht to 0.94 baht per kilowatt-hour, driving overall power tariffs upwards.
Key facts
- Households and businesses are bracing for higher electricity bills in the final four months of this year as the Energy Regulatory Commission (ERC) has announced a sharp increase in the fuel tariff (Ft), which is expected to jump nearly
- ERC secretary-general Poonpat Leesombatpiboon explained that the increase is driven by a projection of rising fuel costs and the need to reimburse the Electricity Generating Authority of Thailand (Egat) for billions of baht spent on past
- He noted that the rate is projected to climb 8% to 375 baht per million British thermal unit (mmBtu), up from 347 mmBtu in the previous period.
- Egat is owed 31.2 billion baht, and part of the new tariff structure is designed to gradually settle this debt.
Summary
ERC secretary-general Poonpat Leesombatpiboon explained that the increase is driven by a projection of rising fuel costs and the need to reimburse the Electricity Generating Authority of Thailand (Egat) for billions of baht spent on past electricity subsidies.
Egat is owed 31.2 billion baht, and part of the new tariff structure is designed to gradually settle this debt.