The cost of electricity is likely to rise to an all-time high rate associated with 4. 72 baht per unit in the last four months of the year.
A source in the Power Regulatory Commission stated on Wednesday the particular commission resolved to boost the electricity charge from 4. 00 to 4. 72 baht per kilowatt-hour (unit) in the September-December period.
The payment would announce the newest rate next Mon, the source said.
The new rate will include a fuel tariff of 0. 93 baht per unit, up by 0. 67 baht per unit.
Using the planned increase, the Electricity Generating Authority of Thailand (Egat) would continue to subsidise the electricity charge to help people. The particular Egat’s debt resulting from the subsidy was expected to rise to 109. 67 billion baht by the end of next month, the source stated.
The hike in the power contract price, which is made up of a base tariff and a fuel tariff (Ft), results mainly from a need to import more melted natural gas (LNG), that is costly but presently serves as a key fuel for electricity generation.
The base tariff refers to the cost of strength plants and distribution systems, while the Ft is mainly determined by energy costs, which are increasing as the Russia-Ukraine war continues.
The particular Ft is usually adjusted every four several weeks. The latest adjustment has been made for the May-August period, with the Feet rising by 0. 47 baht per unit, resulting in a power tariff of 4 baht per device.
The Egat agreed earlier to spend 80 billion baht, or 0. 24 baht per unit, to subsidise the Ft rate between May and August.
Before the war, the LNG price in the spot marketplace stood at US$10 per metric mil standard cubic feet each day (MMSCFD).
The cost later increased to $20-30 per MMSCFD, compared with a household gas price of lower than $10 per MMSCFD in the Gulf associated with Thailand.
Gas makes up 60% of the fuel used to generate electricity in Asia.
A decline in gas products from domestic resources in the Gulf of Thailand led authorities to import a lot more LNG.
The particular proportion of LNG in the country’s overall gas supply has risen to 40%, up from 20%, while gas through domestic sources fell from 64% in order to 40%.
The remaining gas is imported from Myanmar.