by Namo Vananupong

    
BANGKOK (NNT) - The Election Commission (EC) has approved the use of 10 billion baht of the government’s central budget to reduce people’s energy cost burden. The move comes after an earlier pushback that necessitated the Cabinet to re-submit the details for the use of the budget.

 

Election Commissioner Titichet Nutchanart said the Cabinet’s request to use 10.464 billion baht of the fiscal year 2023 central budget has been approved at a meeting of the EC.

 

The budget, which will be used to reduce the electricity cost for the public, will be expended on two measures. The first is an urgent measure to reduce the electricity price before the value-added tax calculation.

 

This will benefit households that use no more than 500 units of electricity per month in the May 2023 billing cycle.

 

150 baht of reduction will apply for each of the eligible households. The move will alleviate people’s power bills as May is within the peak period for electricity use in Thailand.

 

The second measure involves providing reductions to the electricity charge for households that use no more than 300 units of electricity per month.

 

Households that use 1-150 units of power per month will receive an 89.80 satang per unit discount. Those who use 151-300 units of electricity per month will receive a 64.80 satang per unit discount on the bill.

 

This measure will be implemented over 4 months in the May to August billing cycles.

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG230516091951965

 

-- © Copyright NNT 2023-05-16

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

 

Using government money to manipulate electricity prices? 

6 minutes ago, Purdey said:

Using government money to manipulate electricity prices? 

Maybe in the short term yes as people are struggling with the cost of electricity at the highest usage period of the year.

Maybe a new government will instruct the electricity industry to modernise and look at other more affordable options.

Did they just bump the prices following inflationary pressures overseas with no real pressures on supply costs in Thailand...anyone know ?

 

UK gas domestic heating costs were horrendous last 6 months...bills up 3x vs say 2018 yearly cost.

4 hours ago, Purdey said:

Using government money to manipulate electricity prices? 

Which Government?  555

2 hours ago, KannikaP said:

Which Government?  555

What a surprise.  ???? ????

 

Just another election bribe,  but OK by the EC as it is part of the current government who raised it in the first place.