The Energy Regulatory Commission of Thailand (ERCT) has warned that the price of electricity in Thailand may exceed 4 baht per unit next year, due to factors ranging from the escalation of the war between Israel and Hamas and the prolonged war in Ukraine to the weakening of the baht currency against the greenback.

 

ERCT Secretary-General Komkrit Tantravanich said that these factors will have an impact on the price of crude oil and natural gas on the global market, which direct effects the cost of electricity generation.

 

Thailand relies on natural gas as a major fuel for electricity generation, he said, and external factors could be further compounded by whether the production target of 800 million cubic feet/day of natural gas in the Gulf of Thailand, especially from the Erawan field, is achieved by April.

 

Full story: Thai PBS 2023-10-27

 

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I was surprised that my 23 october month Electric Bill cost me only 3.78 Baht/unit.

Normally above 5 Baht a Unit.

Overall price (amount to pay/number of units).

So, maybe from 9 baht to 10 per unit, oh well...

Edited October 27, 20232 yr by StayinThailand2much

If every vehicle goes electric how high will the electric price be then? A lot higher than 4 Baht a unit. Will have to be to cover the cost of all the infrastructure that will need to be added and upgraded.

1 hour ago, Henk Langeweg said:

I was surprised that my 23 october month Electric Bill cost me only 3.78 Baht/unit.

Normally above 5 Baht a Unit.

Overall price (amount to pay/number of units).

Same here in the Rice paddies. Was over 4 Baht and been over 5 Baht since Feb 2023 and 3.9 this month so what is this all about???

Edited October 27, 20232 yr by bdenner
Typo

No mention that they also need to recover the losses due to the current lowering of the base rate.

3 hours ago, Henk Langeweg said:

I was surprised that my 23 october month Electric Bill cost me only 3.78 Baht/unit.

Normally above 5 Baht a Unit.

Overall price (amount to pay/number of units).

Was recently looking at renting an apartment/condo in Bkk. Very few landlords give you the actual bill. They charge you 8 Bht+++ per unit. No reduction gets passed on.

Yes, PTP came through with their electricity reduction just in time for the lowest usage months of the year. Now, rates will come back with a vengeance when electricity use will increase and then soar in April/May. We will pay several times over for this late year discount.

47 minutes ago, Letseng said:

Was recently looking at renting an apartment/condo in Bkk. Very few landlords give you the actual bill. They charge you 8 Bht+++ per unit. No reduction gets passed on.

Most apartments in Pattaya charge 9 THB /unit. I pay about 4000 each month, in electric bill alone, for a 40 sqm unit. That's about 450 kWh each month.

16 hours ago, Henk Langeweg said:

I was surprised that my 23 october month Electric Bill cost me only 3.78 Baht/unit.

Normally above 5 Baht a Unit.

Overall price (amount to pay/number of units).

Similar for me, my October bill was the same unit usage as September but the bill was less... first time a drop this year

14 hours ago, Photoguy21 said:

If every vehicle goes electric how high will the electric price be then? A lot higher than 4 Baht a unit. Will have to be to cover the cost of all the infrastructure that will need to be added and upgraded.

Also, as I keep saying to people who think EV's are God's gift to humanity, when everyone is driving them the Government will rack up the cost of electric to offset the loss of revenue on petrol sales.

16 hours ago, Henk Langeweg said:

I was surprised that my 23 october month Electric Bill cost me only 3.78 Baht/unit.

Normally above 5 Baht a Unit.

Overall price (amount to pay/number of units).

There was some discount on my bill this month...about 350 baht I think it was.... a lot less than 2-3 months ago that's for sure. 

My PEA bill this month averaged 4.3 baht/unit.  That's including all the taxes and a credit on the bill.

Edited October 28, 20232 yr by rwill

"due to factors ranging from the escalation of the war between Israel and Hamas"

 

Didn't realize israel & gaza were big exporters of oil ... 😂

 

MSM making sh!t up to justify inflation.   Just say what we all know ...

... " you're raising prices, because you can" and want more profits.  Cut with the excuses as it's insulting to think that we're that stupid to believe your BS.

Edited October 28, 20232 yr by KhunLA

A post and response in contravention of our Community Standards has been removed.

My electric bill has halved between September and October. I've added two new aircon units as well? Is there something I am missing?

Edited October 28, 20232 yr by retarius

Just now, retarius said:

My electric bill has halved between September and October. I've added two new aircon units as well? Is there something I am missing?

Added or replaced with more efficient new ones?

Much cooler this month than last, more rain. Tariffs reduced along with a rebate. 

1 minute ago, jacko45k said:

Added or replaced with more efficient new ones?

Much cooler this month than last, more rain. Tariffs reduced along with a rebate. 

I older one replaced and one extra one added to main bedroom. Yes might be the temperature....I wasn't here in September so couldn't make the comparison myself. There has definitely been a cooler feeling in the last couple of weeks. 

17 hours ago, Photoguy21 said:

If every vehicle goes electric how high will the electric price be then? A lot higher than 4 Baht a unit. Will have to be to cover the cost of all the infrastructure that will need to be added and upgraded.

Even if so, it will still be cheaper than putting petrol in the tank. Even cheaper if you have a solar installation. And it’s better for the air quality, especially in the cities. Less noise pollution too.

They have to fund the 560 billion give away somehow.

On 10/27/2023 at 3:17 PM, bdenner said:

Same here in the Rice paddies. Was over 4 Baht and been over 5 Baht since Feb 2023 and 3.9 this month so what is this all about???

 

Because they agreed on a rate cut for the months of Sept to December.   It's been in the news. 

Google "thailand electricity rate cut"   the first result should be from the Bangkok Post detailing it. 

Or this link - https://www.pattayamail.com/thailandnews/govt-cuts-electricity-rate-to-3-99-baht-per-unit-441023
 

Edited October 29, 20232 yr by Freddy42OZ

Actually it 'may' exceed 50 baht per unit next year or the year after. Clue the use of the word 'may' or 'might' in the headline means a doom porn article coming up. One case of monkeypox reported in Isaan, the whole province 'may' have to go into lockdown for 3 years. Come on, you can do better than this. 

On 10/28/2023 at 6:15 AM, AhFarangJa said:

Also, as I keep saying to people who think EV's are God's gift to humanity, when everyone is driving them the Government will rack up the cost of electric to offset the loss of revenue on petrol sales.

The CEO of Toyota has come out and stated they are stopping the production of EV's. Maybe later they will resume but they think they have a better option with Hydrogen based fuel.

On 10/28/2023 at 8:51 AM, Gweiloman said:

Even if so, it will still be cheaper than putting petrol in the tank. Even cheaper if you have a solar installation. And it’s better for the air quality, especially in the cities. Less noise pollution too.

You think so? Wow I think you are in for a major shock. To upgrade the national infrastructure will cost a fortune

On 10/27/2023 at 5:34 PM, EdrigoSalvadore said:

That's about 450 kWh each month.

Do you use that much? 

On 10/27/2023 at 1:28 PM, Henk Langeweg said:

I was surprised that my 23 october month Electric Bill cost me only 3.78 Baht/unit.

Normally above 5 Baht a Unit.

Overall price (amount to pay/number of units).

Same here, 3.75 to be exact. Love it.

On 10/27/2023 at 1:28 PM, Henk Langeweg said:

I was surprised that my 23 october month Electric Bill cost me only 3.78 Baht/unit.

Normally above 5 Baht a Unit.

Overall price (amount to pay/number of units).

Mine on the same day here in rural Kamphaeng Phet was 4.62 baht. the lowest this year.

 

Going back a bit the lowest was 2.36 baht. That was back in May 2019. Mostly it has been over 4 baht a unit for the last 3 years.

On 10/27/2023 at 3:17 PM, Photoguy21 said:

If every vehicle goes electric how high will the electric price be then? A lot higher than 4 Baht a unit. Will have to be to cover the cost of all the infrastructure that will need to be added and upgraded.

But you will be able to save the money not spent on petrol or diesel to help pay your electricity bill.

On 10/28/2023 at 8:51 AM, Gweiloman said:

Even cheaper if you have a solar installation

Nobody just magically "has" a solar installation, they pay a small fortune for it and the system rarely pays for itself. 

 

I searched "how many solar panels to power a Tesla" and came up with this: 

 

On 10/27/2023 at 5:13 PM, John Drake said:

Yes, PTP came through with their electricity reduction just in time for the lowest usage months of the year. Now, rates will come back with a vengeance when electricity use will increase and then soar in April/May. We will pay several times over for this late year discount.

Could that have been due to Prayuth's government raising the cost before they were kicked out and also because the PTP have only recently taken control.