NEPC plans to cap power tariff for Thai households at current rate

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The National Energy Policy Council (NEPC), in its recent meeting, moved to limit the power tariff for households consuming not more than 300 units a month at the existing rate of 3.99 baht per unit, an insider familiar with the meeting discussions revealed.

In the NEPC meeting, led by Prime Minister Srettha Thavisin, two main points were reviewed, both related to the proposed tariff of 4.68 baht per unit for the period of January to April of the upcoming year. This proposed rate, an increase of 17.3% from the current tariff, was sanctioned by the Energy Regulatory Commission (ERC) on November 30.

 

The ERC attributes this increase to the rising fuel costs and the requirement to compensate the state-operated Electricity Generating Authority of Thailand (EGAT). EGAT has incurred significant losses due to subsidising electricity bills between September 2021 and May this year, a move aimed at mitigating the effect of soaring fuel costs on households and businesses.

The source revealed the first point of discussion was centred around reducing the power tariff from the proposed 4.68 baht per unit to not more than 4.2 baht per unit. In this regard, the meeting requested EGAT and PTT PLC to provide relevant information to the government to explore the possibility of further tariff reductions, reported Bangkok Post.

 

by Mitch Connor

Photo courtesy of The Nation

 

Full story: The Thaiger 2023-12-14

 

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