Thai govt’s shocking move: Sparks fly as power tariff gets a jolt down

[webfact]

 

The Thai government, under the leadership of Srettha Thavisin, has swiftly approved a plan to lower the power tariff, with the goal of reducing electricity bills for the public.

 

The tariff rate has been revised from 4.45 baht to 3.99 baht per kilowatt-hour, applicable from September to December this year. However, for a long-term solution to high electricity costs, a restructuring of the Thai energy price structure may be necessary.

 

Energy Minister Pirapan Salirathavibhaga suggested a quick solution would be to prolong the period of debt repayment to the state-run Electricity Generating Authority of Thailand (EGAT).

This measure could be implemented by September, avoiding a lengthy consideration process required for other options. The new tariff rate was proposed by Pirapan following a meeting with the Energy Regulatory Commission (ERC) and approved by the cabinet on September 18.

The ERC met with Egat and PTT Plc on September 20 to discuss the implementation of the power tariff policy.

 

Part of the plan includes Egat adjusting its debt management and PTT decreasing its gas sales prices to 304.79 baht per million British thermal units (BTU) from 323.37 baht per million BTU.

 

by Alex Morgan

Photo: Varuth Hirunyatheb/ Bangkok Post.

 

Full story: The Thaiger 2023-09-27

 

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[retarius]

10% down....I'll have some of that. Thank you mr Srettha, it's not true what they say about you.

[pixelaoffy]

And Condo owners/management never reduce their excessive cheating prices per unit for electricity, Why doesnt gov pass laws to stop the charging 100% or higher for electric ? Thailand and its BS 

[FritsSikkink]

9 minutes ago, pixelaoffy said:

And Condo owners/management never reduce their excessive cheating prices per unit for electricity, Why doesnt gov pass laws to stop the charging 100% or higher for electric ? Thailand and its BS 

They have quite a while ago for owners with more than 5 units.

[KannikaP]

1 hour ago, retarius said:

10% down....I'll have some of that. Thank you mr Srettha, it's not true what they say about you.

Yes thank you. But where is diesel UNDER Bht 30 / litre. It went down Bht 2 to 30.37.

And please Mr PM, forget this tax on expats remittances, please.

[garygooner]

I'm sure that my condo will continue to charge 6 baht per unit!  ????

[Mavideol]

1 hour ago, pixelaoffy said:

And Condo owners/management never reduce their excessive cheating prices per unit for electricity, Why doesnt gov pass laws to stop the charging 100% or higher for electric ? Thailand and its BS 

am a condo owner and have my own electricity meter,  the management has nothing to do with the price I pay as it's deducted by PEA every month from my bank account

[BritManToo]

2 hours ago, retarius said:

10% down....I'll have some of that. Thank you mr Srettha, it's not true what they say about you.

My previous unit cost was 4bht + 0.91FT - 0.9 FT discount = 4bht/unit.

My new unit cost is 3.9bht + 0.67FT = 4.57bht/unit.

It's actually a 12.5% increase in price for the vast majority of Thais (using less than 300 units).

 

New rate

 

Old Rate

 

So a massive increase for the low unit users.

If you're an elderly Thai living on 500bht/month, that 12.5% increase is a significant blow.

Like everything from the Thai government, it's all lies, they aren't helping the people!

[sammieuk1]

To get a true unit cost first you need to add on all the addons mine = 5.16 per unit down from 5.43 this month ????

[Liverpool Lou]

1 hour ago, pixelaoffy said:

And Condo owners/management never reduce their excessive cheating prices per unit for electricity,

Most condo renters get their electricity bills direct from MEA/PEA!   Apartment renters, maybe not so much.

[Liverpool Lou]

1 hour ago, garygooner said:

I'm sure that my condo will continue to charge 6 baht per unit!  ????

Condo or apartment?  

[Liverpool Lou]

51 minutes ago, Mavideol said:

am a condo owner and have my own electricity meter,  the management has nothing to do with the price I pay as it's deducted by PEA every month from my bank account

I am a condo renter and it is the same for me.  So many people here don't know the difference between a condo and an apartment in connection with electricity bills or don't even know what type of property they actually live in!

[Liverpool Lou]

50 minutes ago, BritManToo said:

My previous unit cost was 4bht + 0.91FT - 0.9 FT discount = 4bht/unit.

My new unit cost is 3.9bht + 0.67FT = 4.57bht/unit.

It's actually a 12.5% increase in price for the vast majority of Thais (using less than 300 units).

 

New rate

 

Old Rate

 

So a massive increase for the low unit users.

If you're an elderly Thai living on 500bht/month, that 12.5% increase is a significant blow.

Like everything from the Thai government, it's all lies, they aren't helping the people!

This is about the unit rate, that is being reduced, not the variable Ft charge, they are not lying.

[BritManToo]

1 minute ago, Liverpool Lou said:

This is about the unit rate, that is being reduced, not the variable Ft charge, they are not lying.

They give with one hand and take with the other.

All I care about is the final bill each month, not how they add all the extras up.

[smedly]

1 hour ago, garygooner said:

I'm sure that my condo will continue to charge 6 baht per unit!  ????

tell the you want the meter transferred to you, you will then get billed direct

[hotchilli]

My monthly bill has steadily increased this year... same monthly usage.

[John Drake]

They'll take it all back with a vengeance in April and May.

[Phulublub]

4 hours ago, pixelaoffy said:

And Condo owners/management never reduce their excessive cheating prices per unit for electricity, Why doesnt gov pass laws to stop the charging 100% or higher for electric ? Thailand and its BS 

No-one forces you to rent a condo with excessive charges for either electricity or water.  Maybe doing your own research would help you, rather than trying to blame others for your ineptitude.

 

PH

[sidneybear]

Current affairs

[pixelaoffy]

50 minutes ago, Phulublub said:

No-one forces you to rent a condo with excessive charges for either electricity or water.  Maybe doing your own research would help you, rather than trying to blame others for your ineptitude.

 

PH

typical reply from nobody

[djayz]

30 minutes ago, pixelaoffy said:

typical reply from nobody

To be honest, he does make a fair point... 

[pixelaoffy]

23 minutes ago, djayz said:

To be honest, he does make a fair point... 

The fact there is profiteering with energy prices ?

[PJ71]

3 hours ago, BritManToo said:

They give with one hand and take with the other.

All I care about is the final bill each month, not how they add all the extras up.

I find it concerning you care about a bill of less than 300baht per month.......wow

[Mavideol]

4 hours ago, BritManToo said:

My previous unit cost was 4bht + 0.91FT - 0.9 FT discount = 4bht/unit.

My new unit cost is 3.9bht + 0.67FT = 4.57bht/unit.

It's actually a 12.5% increase in price for the vast majority of Thais (using less than 300 units).

 

New rate

 

Old Rate

 

So a massive increase for the low unit users.

If you're an elderly Thai living on 500bht/month, that 12.5% increase is a significant blow.

Like everything from the Thai government, it's all lies, they aren't helping the people!

thank you,  that helped me feel better as I though there was an error on my bill as I didn't see any decrease, on the contrary there was an increase

[BritManToo]

14 minutes ago, PJ71 said:

I find it concerning you care about a bill of less than 300baht per month.......wow

I find it concerning that the Thai government proudly proclaim they've cut my costs by 10% when in reality they've increased my costs by 12.5%.

[djayz]

58 minutes ago, pixelaoffy said:

The fact there is profiteering with energy prices ?

No, the fact that nobody forces you to rent a condo with excessive charges... 

 

[PJ71]

1 hour ago, BritManToo said:

I find it concerning that the Thai government proudly proclaim they've cut my costs by 10% when in reality they've increased my costs by 12.5%.

I find it concerning that that amount is < $1 and you're moaning about it.....

[billd766]

7 hours ago, pixelaoffy said:

And Condo owners/management never reduce their excessive cheating prices per unit for electricity, Why doesnt gov pass laws to stop the charging 100% or higher for electric ? Thailand and its BS 

Before you sign the contract, you could always check the price charged for, electricity, water, Wi-Fi etc for the condo.

 

Once you know the charges you could try negotiating for a lower price (get it in writing). If they won't negotiate, then you can bite the bullet and accept the price or look for a different place to rent.

 

Until you sign the contract, you are in control.

 

You need a place to live and he needs to rent the condo.

 

There are more condo's to rent than there are tenants so I read. He needs you more than you needs him.

 

Once you sign the contract, he has control. 

[keithkarmann]

8 hours ago, retarius said:

10% down....I'll have some of that. Thank you mr Srettha, it's not true what they say about you.

Thats true its all fake news.

[eisfeld]

1 hour ago, BritManToo said:

I find it concerning that the Thai government proudly proclaim they've cut my costs by 10% when in reality they've increased my costs by 12.5%.

Because there was a temporary discount for the FT as you know. That was never ment to be permanent. The discount is over. You also consumed more units and the rate is not fixed but variable depending on usage. The 10% higher unit count will be all in the highest bracket of your consumption ladder. These two factors (mostly the FT) lead to a higher average rate than you had before. But without the reduced rate as per OP you'd go back to an even higher average price per unit.

 

I do think the reporting can be misleading beause people who don't understand how an electricity bill works will just think they should pay 10% less. It doesn't help that the reporters always just speak about some price per unit as if it was fixed.