ERC cuts electricity cost for business sector to 5.33 baht/unit

The ERC reviewed the FT in the industrial sector to 154.92 satang/unit from 190.44 satang/unit. As a result, the remaining payment was 5.33 baht/unit from 5.69 baht/unit following PTT revised natural gas price assumptions and EGAT summarized the outstanding debt burden.

30 Dec. 2022 – Mr. Komkrit Tantravanich Secretary-General of the Office of the Energy Regulatory Commission (ERC), as a spokesman for the ERC, revealed that at the ERC meeting No. 60/2022 (No. 827) on December 28, 2022, the electricity tariff calculation results were considered. Automatic Fluctuation (FT) once more following EGAT and PTT review natural gas price forecasts. diesel price exchange rate and the outstanding debt of EGAT for calculating the FT rate as the ERC had already considered at the meeting No. 58/2022 (No. 825) on December 14, 2022. As a result, commercial and industrial electricity users have to pay 154.92 satang per unit of FT from previously having to pay 190.44 satang per unit. Therefore, electricity users in this group have to pay electricity bills at 5.33 baht per unit in the billing period Jan. – Apr. 23.

The assumptions that have been changed are as follows: 1. Natural gas price from 493 baht per million BTU to 466 baht per million BTU, natural gas prices in the Gulf of Thailand Unchanged at 237 baht per million BTU and the price of Pool Gas from the original 535 baht per million BTU, reduced to 496 baht per million BTU. 2. Spot LNG liquefied natural gas prices from $ 31.577 per million BTU to $ 29.60 per million BTU. 3. Diesel price for electricity generation. From the original 31.94 baht per liter to 28.22 baht per liter 4. The exchange rate (Fx) from the original 37 baht per US dollar to 35.68 baht per US dollar and 5. Accumulated debt burden from FT collection of A EGAT (122,257 million baht), from the former to be charged within 2 years, will be at 33.33 satang per unit. which has been recalculated by gradual collecting within 3 years, remaining at 22.22 satang per unit

However, from the adjustment of the assumptions, resulting in residential electricity users still having to pay the FT fee at the rate of 93.43 satang per unit. and other groups of electricity users The FT fee must be paid at the rate of 154.92 satang per unit. As a result, residential electricity users still pay electricity at the rate of 4.72 baht per unit as previously announced. But while other types of electricity users such as the business sector, industrial sector will pay electricity at the rate of 5.33 baht per unit, from the previously scheduled rate of 5.69 baht per unit.

In addition, Mr. Komkrit also added that Since Jan. 2023 onwards, 3 types of electricity users will receive a reduction in the monthly service fee as follows: 1. Residential type, using more than 150 units, originally paid at 38.22 baht per month, adjusted to 24.62 baht per month. Relying on low pressure, the TOU rate was originally paid at 38.22 baht per month, adjusted to 24.62 baht per month, divided into small businesses, low pressure, from the original 46.16 baht per month, adjusted to 33.29 baht per month, and water pumping for agriculture at the TOU rate. From the original 228.17 baht per month, adjusted to 204.07 baht per month

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