Electricity charge to rise about 14%

Electricity charge to rise about 14%

Staff of the Metropolitan Electricity Authority introduce the MEA's pre-paid power bill  top-up machines in Bangkok in 2019. (File photo)
Staff of the Metropolitan Electricity Authority introduce the MEA's pre-paid power bill top-up machines in Bangkok in 2019. (File photo)

The cost of electricity will rise about 14% to a minimum 5.37 baht per unit between January and April next year on rising fuel costs, the Electricity Regulatory Commission (ERC) warned on Monday.

Secretary-general Khomgrich Tantravanich said the ERC had three options - and the increment to 5.37 baht would cost consumers the least.

The two other choices were 5.70 baht and 6.03 baht per kilowatt-hour (unit).

The Electricity Generating Authority of Thailand is subsidising the power charge. At the 5.37-baht rate, Egat would have 122.25 billion baht in losses by the end of April.

The 5.70 baht and 6.03 baht rates would leave Egat with a deficit of 101.88 billion baht and 81.50 billion baht respectively.

Without a fee rise next year, the state enterprise would face a deficit of 170 billion baht, Mr Khomgrich said.

The present rate is 4.72 baht per unit, already an all-time high. The smallest increment, to 5.37 baht, would be a rise of 13.77%.

The ERC based the new electricity fee mainly on the cost of natural gas, imported coal and diesel.

It expected the price of natural gas to rise by 17% to 564 baht per million British thermal units (BTU) from the current 482 baht per million BTUs. Natural gas is used for about 60% of electricity generation in Thailand.

The ERC also predicted the price of imported coal, used for 6.5% of power generation, to soar 27% to 5,165 baht per tonne, and diesel, accounting for 6.3% of generation, to increase 14% to 31.94 baht per litre.

The ERC will accept public opinion on the planned electricity fee via its website until Dec 1.


Do you like the content of this article?
COMMENT (74)

Samut Prakan police arrest ex-lawyer for romance scam

An ex-lawyer has been arrested in Samut Prakan for allegedly swindling victims in a romance scam via a dating app, police said on Saturday.

08:02

Deadline nears for 'little ghosts'

The Ministry of Labour urged undocumented Thai workers in South Korea to report to Korean immigration authorities before a deadline so they can return to the country and work legally.

07:07

'World's 12th worst dish'

Thai netizens were left baffled when one of their favourite dishes, Kaeng Som, was ranked 12th in the "100 Worst Rated Dishes in the World" list.

06:44