Economy

Thailand’s electricity tariff expected to surge higher than ever

Published

Friday, March 18, 2022 13:59

Photo by Energy Regulatory Commission Facebook.

After Thailand’s Energy Regulation Commission announced yesterday that the electricity price could rise to four baht per kilowatt hour, the ERC now says it will rise to a record high above that. The ERC says this will be the first time the price has surged this high. The fuel tariff is expected to be 0.24 baht per unit between May and August, on top of an average base tariff of 3.76 baht per unit.

In September to December, the Ft is expected to be 0.6483 baht per unit. The ERC’s secretary-general said Thailand faces a “double impact” from higher energy prices.

“…one caused by higher energy demand following the reopening of countries after lockdown, and the other resulting from the Russia-Ukraine war”.

The secretary-general said if more oil is used in place of gas, the Ft could decrease by 0.13 baht. He said another solution is to buy an additional 370 million units of electricity produced by biomass power plants. Thailand’s highest power tariff recorded was 3.96 baht per unit in 2014. This was due to a global price hike of over $US110 a barrel from 2012-2014.

Rising power and fuel prices are making life tough for Thailand’s businesses. Workers in a range of industries from boat tourism to land transport have been angered and scared by the impact of rising fuel prices on their livelihoods.

SOURCE: Bangkok Post

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Recent comments:

drkenchao

2022-03-19 03:12

condo juristic can help to reduce electricity consumption, now corrindors and lobby lights switched on all day long, 24 hours, with full intensity! can half of the lights switched off? especically during midnight to 6am

Thaidup

2022-03-19 03:43

26 minutes ago, drkenchao said: condo juristic can help to reduce electricity consumption, now corrindors and lobby lights switched on all day long, 24 hours, with full intensity! can half of the lights switched off? especically during midnight to 6am…

Sparktrader

2022-03-19 03:49

3 minutes ago, Thaidup said: Yes, and I feel for condo renters, you guys pay almost double what we pay for a house connected rate already, It would be worth while to get a syndicate together in the complex just…

Thaidup

2022-03-19 04:06

15 minutes ago, Sparktrader said: Are you sure about this? Here are two pics i just took of bills.

Sparktrader

2022-03-19 04:17

9 minutes ago, Thaidup said: Here are two pics i just took of bills. [Images] So you average at around 3.8 THB / kWh.... But I realized that's not MEA (Bangkok); it is PEA (Provinces). So that may be…

Tara Abhasakun

A Thai-American dual citizen, Tara has reported news and spoken on a number of human rights and cultural news issues in Thailand. She holds a Bachelor’s Degree in history from The College of Wooster. She interned at Southeast Asia Globe, and has written for a number of outlets. Tara reports on a range of Thailand news issues.

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