Search Results for: Energy Regulatory Commission
- Thailand News
Electricity bills set to stay steady despite global turmoil
In an exclusive update from the Energy Regulatory Commission (ERC), consumers can breathe a sigh of relief as Secretary-General Komkrit Tantravanich guarantees minimal disruption to household electricity bills. Komkrit reassures the public that from May through August, electricity rates will hover between 4.20 to 4.25 baht per unit. Moreover, this promising price stability is linked to a surge in natural…
- Thailand News
Charged down: Electric rates spark joy with 50-satang drop to 4.18 baht per unit
Electricity rates for January through April 2024 have been adjusted to 4.18 baht per unit, a decrease of 50 satangs per unit from the previous rate of 4.68 baht per unit. However, this is an increase of 19 satangs per unit from the September to December 2023 rate of 3.99 baht per unit. These changes were announced today by Khomkrit…
- Thailand News
Thai government delays decision on electricity price reduction
Prime Minister Srettha Thavisin revealed that the Cabinet has not yet agreed to reduce electricity charges. Pointing out that Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga is not ready to present the numbers to reduce electricity charges by no more than 4.20 baht (US$0.12). He requested more time at 10.10am today, at the Government House. Before the Cabinet meeting,…
- Business News
PTT helps Thai government lower power tariffs using contract breach fine
PTT Plc, Thailand’s national oil and gas conglomerate, is slated to assist the government in lowering the power tariff in the early part of next year. This is to be achieved through the utilisation of 4.3 billion baht (US$124) from a fine imposed on its gas supplier for a breach of contract, according to an energy official. An inside source…
- Thailand News
Thai business bounces back: Surprising catalysts revealed by FTI
The Federation of Thai Industries (FTI) explained the significant rise in Thailand’s Industry Sentiment Index (TISI) after a five-month slump including a tourism boom and strategic government measures. Breaking through the economic gloom, the TISI soared to 90.9 points in November, marking a triumphant comeback after five consecutive months of decline, according to the FTI. In stark contrast to October’s…
- Thailand News
Thailand’s 2 billion baht electricity subsidy for 17.7 million households
The Thai Cabinet has allocated 2 billion baht to subsidise electricity costs for 17.7 million vulnerable households. The scheme, set to be a new year’s gift, will apply to those using no more than 300 units of electricity per month, maintaining a cost of 3.99 baht per unit. Deputy Prime Minister and Energy Minister Peeraphan Salirathaviphak, stated today, December 8,…
- Business News
Thai industry calls for retention of current power tariff amid hike fears
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is urging the Thai government to retain the current power tariff of 3.99 baht per kilowatt-hour. The request comes amid concerns that a proposed hike to 4.68 baht could escalate operational costs for manufacturers, leading to a 5 to 10% increase in product prices. The Energy Regulatory Commission previously suggested…
- Thailand News
Consumer groups challenge proposed electricity tariff rise
Consumer advocacy groups have opposed the proposed increase in electricity tariffs and have asked the Energy Regulatory Commission (ERC) to review all data used to calculate the Fuel Adjustment Charge (Ft) to ensure fairness to the public. According to Prasart Meetem, the Chair of the Committee on Public Services, Energy and Environment of the Consumer Council, the estimated Ft charge…
- Business News
Thai court halts government’s wind power purchase scheme over selection irregularities
The Central Administrative Court‘s ruling to halt the government’s scheme to purchase 1,500 megawatts of wind power, on grounds of alleged irregularities in power plant selection, prompted the Energy Regulatory Commission (ERC) to gear up for an appeal. The judgement came in response to Khon Kaen Wind 2 Co, a subsidiary of the SET-listed Energy Absolute (EA), who had voiced…
- Business News
ERC approves new tariff, reducing Thailand’s electricity costs
The Energy Regulatory Commission (ERC) approved a new electricity tariff of 3.99 baht per kilowatt-hour, a reduction aimed at decreasing power bills for households and businesses for the remaining four months of this year. This change is a response to the government’s energy price policies. In its initial meeting on September 13, the Cabinet agreed to lower the electricity tariff…
- Business News
Thai govt’s shocking move: Sparks fly as power tariff gets a jolt down
The Thai government, under the leadership of Srettha Thavisin, has swiftly approved a plan to lower the power tariff, with the goal of reducing electricity bills for the public. The tariff rate has been revised from 4.45 baht to 3.99 baht per kilowatt-hour, applicable from September to December this year. However, for a long-term solution to high electricity costs, a…
- Thailand News
EGAT seeks Cabinet approval for 50.8 billion baht power generation boost in Bangkok
The Electricity Generating Authority of Thailand (EGAT) anticipates approval from the Cabinet for its proposal to increase power generation at its south Bangkok gas-fired facility in Samut Prakan. The initiative recently underwent a public hearing. The proposal for additional capacity comes in response to the decommissioning of several generators. To ensure sufficient electricity for the capital’s inhabitants, EGAT deemed this…
- Thailand News
Shocking surprise: Thai Facebook user electrified by 11 million baht bill
In an unparalleled event, a Thai Facebook user was stunned after receiving an electric bill amounting to 11 million baht. Usually, the family’s bill lies within the boundary of 40,000 baht per month, thus, the recent drastic increase has courted distress and confusion. The shocking occurrence has exploded into a major point of interest online. The distressed Thai Facebook user…
- Thailand News
Banpu eyes free power trade system amidst rising Thai electricity costs
In the face of rising electricity bills, a new opportunity is emerging for a free power trade system in Thailand, as spotted by Banpu Power Plc, the power generation arm of energy conglomerate Banpu Plc. Expecting a worldwide shift in electricity markets, the company, under Kirana Limpaphayom, its CEO, is poised to take advantage of this imminent change. The combined…
- Business News
Thailand’s state grid to ink 5.2GW renewable deals in Q3
The Energy Regulatory Commission (ERC) anticipates that power purchase agreements (PPAs) will be signed with companies chosen to participate in the 5.2-gigawatt renewable energy scheme during this year’s third quarter. The Office of the Attorney General is currently reviewing the legal aspects of the scheme, which includes power plant construction projects proposed by 175 selected companies. Following the completion of…
- Thailand News
Thailand Consumers Council urges government to lower fuel tariff and promote home solar panels use
The Thailand Consumers Council (TCC) is urging the government to consider lowering the fuel tariff (Ft) amid mounting complaints about high electricity bills while suggesting that the Energy Regulatory Commission (ERC) promote the use of domestic solar panels to help address the problem. Itthaboon Onwongsa, TCC deputy secretary, noted during a seminar discussing recent increases in power costs, that the…
- Thailand News
Thailand offers 11 billion baht subsidy for low-income electricity bills
The Thai government announced plans to allocate over 11 billion baht to support low-income earners with their electricity bills over the next four months, with the subsidy set to begin in May. However, the proposal needs to be reviewed and approved by the Election Commission (EC) before it becomes official. Following yesterday’s Cabinet meeting, Prime Minister General Prayut Chan-o-cha addressed the…
- Thailand News
Ft set to decrease next month, says Thailand’s ERC
The Energy Regulatory Commission (ERC) is set to reduce the fuel tariff (Ft) next month, following a recommendation by the subcommittee responsible for its calculation. The decision comes in response to concerns regarding the rising cost of living, with water rates also marked for an increase after 23 years of stagnation. As reported by Khomgrich Tantravanich, the ERC’s secretary-general, the…
- Thailand Weather Updates
Thailand’s heatwave nears end, rainy season looms
Thailand’s hot season approaches its conclusion as the rainy season is set to begin in mid-May, according to the country’s Meteorological Department. The hot season peaked on April 15, when the temperature reached a record high of 44.6°C in Tak. Deputy director-general Thanasit Iam-ananchai has stated that throughout the weekend, daily heat indices or apparent temperatures are anticipated to surge…
- Economy News
Thai activists say new electricity rates won’t solve root causes of high prices
A decision by an Energy Regulatory Commission (ERC) subcommittee to reduce electricity rates from May to August has been met with reservations from Thai energy activists and politicians, who argue that the move does not address the root cause of expensive power bills. Yesterday, the subcommittee approved the fuel tariff (Ft) rate adjustment, which considers changes in fuel costs and…
- Economy News
Power struggle: JSCCIB takes on govt to lower electricity prices
Tensions are running high in Thailand as the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has declared war on the government in a bid to bring down the nation’s soaring electricity prices. The committee, comprised of representatives from major business groups, is asking Prime Minister Prayut Chan o cha to reconsider the electricity bill calculation and reduce the…
- Thailand video news
Thailand News Today | Prime minister’s achievements since coming back to the office
Prime minister’s achievements since coming back to the office Thailand Prime minister’s The government has pledged to make human trafficking its top priority— as Thailand renewed stronger trade ties with Australia yesterday. Prime Minister Prayut Chan-o-cha met Australia’s new ambassador, Angela Jane Macdonald, at Government House yesterday discussed several options including trade opportunities between the two nations as they…
- Economy News
Electricity prices soar 18% to 4.72 baht per unit next month
Electricity prices are already at a record high rate of 4 baht per unit, topping an eight-year old record, and have now been approved to surge another 18%. When global oil prices rocketed up to US$110 per barrel in 2014, Thai energy prices hit 3.96 baht per unit. Coming out of the Covid-19 pandemic, the demand for all forms of…
- Thailand News
Elderly man hit with 10,000 baht electricity bill in central Thailand
An 88 year old man from Kamphaeng Phet province in central Thailand couldn’t believe his eyes when his most recent electricity bill amounted to almost 10,000 baht. Family members and neighbours are contesting the bill on behalf of the old man, who had to take out a loan to pay for his electricity this month. Grandpa’s bill from the Metropolitan…
- Thailand video news
Thailand News Today | Flight traffic in Thailand on the increase
Domestic travel in Thailand is in for a good July, with two long weekends and airlines starting to add to their schedules, resuming flights and frequencies that have been otherwise subdued. Thailand’s Aeronautical and Air Transport Associations are reporting an increased pace of domestic flights in Thailand, matching with the general global trend. Aerothai president Nopasit Chakpitak told reporters…
- Thailand News
Cost of electricity in Thailand could rise to 5 baht per unit by September
Electricity bills in Thailand could become more expensive than ever by September, according to a source at the Office of Energy Regulatory Commission (ERC). In the last 4 months of the year, the cost of electricity in Thailand could break the 5 baht per unit barrier for the first time, rising by 90 to 100 satang per unit. The official…
- Thailand video news
Thailand News Today | Afternoon alcohol sale ban to be lifted
According to Tourism and Sports Minister Phiphat Ratchakitprakarn, restaurants and tourist attractions may also sell alcohol during this time, at the provincial governors’ discretion. Phiphat stressed that lifting the ban could hugely boost Thailand’s tourism industry who have been bewildered by the 2 – 5pm ‘ban’ for many decades. The afternoon booze ban has confused both Thais and foreigners…
- Economy News
Thailand’s power will be more expensive in May
From May until August, Thailand’s electricity price will rise to four baht per kilowatt hour, going up by 0.23-1.3 baht per unit. The country’s Energy Regulatory Commission is raising fuel tariffs following Russia’s invasion of the Ukraine. An ERC spokesman said another reason for the price surge is the declining supply of natural gas from the Gulf of Thailand. Russia’s…
- Thailand News
Cabinet approval to reduce water, power bills by 3%
The Cabinet has approved 17 billion baht in measures to tackle the Covid-19 crisis and drought. They plan on doing this by reducing water and electricity bills by 3% and returning deposits for installation of electricity meters. The Thai cabinet meets every Tuesday at Government house in Bangkok. During a ‘grace period’ of not more than six months, the cabinet…
- Thailand News
Thailand News Today, Monday, March 9, 2020
Daily TV news update with Tim Newton… Village leader slain in drive-by shooting in South Gunmen in Pattanni province in Thailand’s restive South shot dead an assistant village headman while he was exercising at a children’s playground yesterday. Pattani, Narathiwat and Yala are home to Thailand’s 22 decade-long Southern insurgency. The drive-by shooting occurred at playground in front of a…
