ERC Maintains Less Fuel Tariff for another 4 Months

ERC Maintains Less Fuel Tariff for another 4 Months

Paphamon Arayasukawat

BANGKOK (NNT) -The Energy Regulatory Commission (ERC) has set aside Bt2.61 billion to maintain fuel tariff (Ft) from May to August at -15.32 satang per unit to help ease people’s financial burden.

ERC Secretary-General Komkrit Tantravanich said users will continue paying Bt3.61 per unit for electricity for another four months with Ft being maintained at this rate.

He said the ERC also believes that in the second half of the year, demand for energy globally will rise as the Covid-19 situation has started improving in many countries. Hence, the commission has been using a yearly average to set a suitable Ft rate for the entire year to ensure the cost of electricity remains stable.

Komkrit added that ERC has set crude oil base at $60 per barrel and exchange rate at Bt31 per dollar to calculate this year’s Ft rate, which has resulted in Ft for May through August coming in at 18.02 satang per unit and Ft for September through December at 7.95 satang per unit. Based on this, the average Ft for the entire year stands at 13.14 satang per unit.