Power bills are set to rise with the Electricity Generating Authority of Thailand (Egat) likely to increase its fuel tariff (Ft) rate by five to seven satang per unit in the period May through August.
Egat governor Soonchai Kumnoonsate said the trend of the Ft review indicated there would be an increase in the rate from the current 59 satang per unit because of higher fuel costs. The Ft is reviewed every four months.
He said a contributing factor to the increase is the baht's depreciation. Every baht dropped in the exchange rate against the dollar increases the Ft rate by 56 satang per unit.
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