BANGKOK, 7 September 2012 – The Energy Regulatory Commission (ERC) has approved the raise of fuel tariff (FT) by 18 satang per kilowatt-hour during the last 4 months of 2012.
Energy Regulatory Commission (ERC) Chairman Direk Lavansiri has revealed that during the month of September to December of 2012, the fuel tariff will be raised by 18 satang in line with higher gas and coal prices.
The actual FT charge should have been at 38.24 satang, but the Electricity Generating Authority of Thailand (EGAT) has decided to subsidize it by 20.24 satang per unit in order to help consumers shoulder the burden of electricity bills. The subsidy will cost around 10.5 billion baht at this stage.
As a result, the total FT after the raise (18 satang) will be at 48 satang per kilowatt-hour. Coupled with the base electricity price of 3.23 baht per unit, the price of electricity per unit before value-added tax (VAT) will be 3.71 baht.