Search Results for: Energy Regulatory Commission
- Thailand News
Thailand freezes electricity prices to save consumers
To alleviate financial pressure on its citizens, the Thai government confirmed it will maintain the current cap on electricity prices at 4.18 baht per unit and diesel prices at 33 baht per litre until the end of the year. This announcement came from Energy Minister Pirapan Salirathavibhaga following a recent Cabinet meeting. Minister Pirapan assured the public that a special…
- Thailand News
Shocking hike: Thai industries spark concern over electricity rates
Thailand’s plan to hike electricity rates later this year could deter foreign direct investment, warned the Federation of Thai Industries (FTI). The alert followed the Energy Regulatory Commission’s (ERC) announcement on Friday, indicating an imminent rise in power bills for both businesses and households. The ERC has proposed three new power tariff options, featuring increases from 11% to 44% above…
- Thailand News
Shocking surge: Thai electricity tariffs set to spark debate
The Energy Regulatory Commission (ERC) announced a public consultation from today, July 12, until July 26 to discuss the final electricity tariff adjustment of the year. The proposed adjustments could see electricity bills rise from September to December this year, with costs potentially increasing from 4.18 baht per unit to between 4.65 and 6.01 baht per unit. The Secretary-General and…
- Business News
Thailand’s solar panel tax cut scheme to save households on bills
A new tax reduction scheme aimed at encouraging households to install rooftop solar panels is expected to be finalised by mid-year, announced the Department of Alternative Energy Development and Efficiency (DEDE). The initiative seeks to lower electricity bills and reduce carbon dioxide emissions. Households that purchase solar panels with a power generation capacity of less than 10 kilowatts, costing under…
- Business News
Thailand urged to increase renewable power target beyond 50%
A call for an increase in renewable power generation beyond the target of 50% outlined in the Power Development Plan (PDP) has been issued to the government. The PDP is due to be finalised in the second quarter of this year. This rise is essential since Thailand has pledged to achieve carbon neutrality, a balance between carbon dioxide emissions and…
- Thailand News
TCC proposes temporary power tariff reduction for Thai households
The Consumers Council (TCC) has proposed a temporary reduction in power tariffs to alleviate the financial strain on Thai households during the summer’s peak demand. This request follows the Energy Regulatory Commission’s (ERC) suggested alterations to the current power rate, which critics argue would not result in cheaper electricity bills. Critics contend that the ERC’s adjustments primarily aim to lessen…
- Thailand News
Thailand’s household electricity tariffs remain unchanged
Energy Minister Pirapan Salirathavibhaga affirmed that electricity tariffs for households in Thailand will remain unchanged from May to August, maintaining the current rate of 4.18 baht per unit. Pirapan, also serving as a deputy prime minister, explained that this decision has been made possible due to the continuation of gas production in the Gulf of Thailand by PTT Exploration and…
- Business News
Thailand’s green utility tariff implementation faces SME hurdles
The Energy Regulatory Commission (ERC) of Thailand has estimated a two-year time frame for full implementation of the recently launched green utility tariff (GUT). This tariff, aimed at regulating renewable power prices, is a significant leap towards the global pushback on carbon-intensive manufacturing. However, businesses, particularly small and medium-sized enterprises, and some state entities have expressed unpreparedness to adopt the…
- Business News
Thailand urged to speed up joint gas project with Cambodia
Energy experts urged Thailand to accelerate discussions on a joint gas production endeavour with Cambodia in the overlapping claim area (OCA). The call comes in light of the global shift towards clean energy, which could pose challenges to new petroleum projects due to their contribution to carbon emissions. Despite its initiation in 2001, the OCA negotiations have yet to progress…
- Business News
PTTEP boosts gas production at Erawan to avoid hefty fine
PTT Exploration and Production Plc (PTTEP) is stepping up gas production at the Erawan gas block in the Gulf of Thailand to avoid a hefty fine. The penalty would be due to a failure to supply the volume of gas stipulated in a contract signed with PTT Plc, Thailand’s sole gas dealer. The chief executive of PTTEP, Montri Rawanchaikul, expressed…
- 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…
- 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
NEPC plans to cap power tariff for Thai households at current rate
The National Energy Policy Council (NEPC), in its recent meeting, moved to limit the power tariff for households consuming not more than 300 units a month at the existing rate of 3.99 baht per unit, an insider familiar with the meeting discussions revealed. In the NEPC meeting, led by Prime Minister Srettha Thavisin, two main points were reviewed, both related…
- 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,…
- 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…
- Thailand News
Electricity tariffs: Potential 6 baht/unit increase expected next year
The Energy Regulatory Commission (ERC) proposed three options for determining electricity tariffs for the first quarter of next year. The electricity tariffs could potentially increase to a peak of 6 baht per unit. The ERC disclosed that if there are proposals lower than these three options, it would have to reconvene for further discussions today. Komkrit Tantravanich, Secretary-General of the…
- 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…
- 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
Thai government plans further electricity tariff cut to 3.99 baht per unit
The Thai Energy Ministry has laid out plans to further reduce electricity tariffs by an additional 11 satang per unit, announced government spokesperson Chai Watcharong yesterday. Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga disclosed the plan during the meeting, stating that the current rate of 4.10 baht per unit is set to drop to 3.99 baht. Just last month,…
- 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…
- 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
Caretaker Cabinet seeks approval for 10.4 Billion baht subsidy cut on household power bills
The caretaker Cabinet is set to submit a revised proposal to the Election Commission (EC) for approval of a reduced subsidy of 10.464 billion baht for household power bills, a 648 million baht decrease compared to the previous request that was turned down by the regulator. The initial proposal called for an 11.112 billion baht subsidy, which would be funded…
- 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…
- 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
ERC’s tariff cut to benefit households
The Energy Regulatory Commission (ERC) is anticipated to reveal a decrease in fuel tariffs (Ft) from May to August today, resulting in a drop in power tariff rates for households to 4.70 baht per kilowatt-hour unit from the current 4.77 baht per unit. This decision comes in response to public outcry over surges in electricity bills during the summer months,…
