Fuel Tariff (Ft) rate in Thailand to increase to 4 baht per kilowatt for the first time due to Russia-Ukraine war

PHOTO: Thairath

National –

The Energy Regulatory Commission (ERC) yesterday, March 17th, announced a power bill rise to an average of 4.00 baht per kilowatt hour (kWh), starting this May.

This was the first time in history that the electricity bill had risen to 4 baht, the TPN News noted.

ERC Secretary-General Komkrit Tantravanich revealed after a meeting with the ERC committee that the main factor affecting the FT (Fuel Tariff) rate was the Russia-Ukraine political conflict which resulted in the rise of the global energy price. The ERC, therefore, had to adjust its FT rate assumptions to reflect fuel prices of the current situation.

“The estimation of higher fuel costs resulted in a higher FT rate. From May to August 2022, it would increase to 129.91 satang per unit. If considered with a stairstep pricing method, the FT rate may have to increase about 47.3 satang per unit. However, we will only increase it at 23.38 per unit,” the Secretary-General stated.

Unfortunately, this increase will hit the consumer, notes TPN media, during the hottest time of the year.

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National News Writer at The Pattaya News. Born and raised in Bangkok, Nop enjoys telling stories of her hometown through her words and pictures. Her educational experience in the United States and her passion for journalism have shaped her genuine interests in society, politics, education, culture, and art.