New power subsidy at mercy of EC

The government will resubmit a proposed 11 billion baht subsidy on household electricity bills for approval by the Election Commission( EC ), according to Prime Minister Prayut Chan o cha.

The proposal was approved by the government on Tuesday, but the crown regulator rejected it last week, according to a source.

When asked when the government would resend the proposal to the EC, Gen. Prayut replied that the documents and a justification for its obvious endorsement, which he believes will soon follow, would be submitted again by Tuesday.

Any budget allocation for emergencies made by an cheerful government following a House breakdown under Chapter 169 of the organization must first be approved by the polling place.

To assist struggling households, the commission’s proposal may extend the capability subsidy for another four months, from May to August, for families that use fewer than 300 models per month.

Those who use 151 to 300 units per month may receive a decrease of 67.04 satang per machine, while those who only use 1 to 150 models may only receive this reduction.

To financing a system intended to assist 18.36 million residents, about 7.6 billion ringgit may be taken out of the 2023 budget for emergency purpose.

A proposed 150 baht reduction for families that use no more than 500 units this quarter for May hardly is another step to assist people with expensive power bills.

A new record of approximately 23.4 million residents using more than 500 units is anticipated for last month.

In order to help alleviate a 150 billion baht shortfall caused by the EC’s freezing of the fuel tariff in its calculation of energy prices, the Secretariat for the Cabinet made an urgent appeal to it, asking for permission to pay the Electricity Generating Authority of Thailand( Egat ).

However, Somchai Srisutthiyakorn, a previous EC person who is currently the chief strategist of the Seri Ruam Thai Party, stated that he physically thinks the power subsidy plan won’t be approved until after the May 14 vote.

The EC is convinced that approving the plan before then might become illegal.

According to Mr. Somchai, the caretaker government continues to discuss the payment handout while claiming that there is a chance the EC did approve it.