The request to lower electricity prices from 4.72 baht per unit to 4.70 baht per unit starting in May was approved by the commission. According to ERC Secretary-General Komkrit Tantravanich, the proposal does not require a public hearing because the Ft was not altered.
The fuel tariff reflects changes in the unavoidable costs of producing electricity, such as the price of fuel and purchasing power.
Every four months, in January, May, and September, the ERC conducts a review of the Ft.
The Energy Ministry had anticipated in February that electricity costs for both residential and commercial users could decrease following May’s Ft adjustment since electricity demand would peak in April before declining in the months that followed.
The ministry also anticipated a decline in the cost of imported liquefied petroleum gas (LPG) during that time, allowing the nation to switch from expensive diesel to less expensive LPG to produce energy.