ERC to Consider Debt Extension and Formula Modification for Electricity Bill Calculation

News source from the Energy Regulatory Commission (ERC).) revealed that at a special meeting of the Energy Regulatory Commission (ERC) to consider the electricity bill for the new installment May-August or the second installment of the year ’23 on April 24, the board The ERC will consider issues raised by the Sub-Committee on Regulating the Adjustment of Electricity Tariffs. Agreed with the proposal of the Electricity Generating Authority of Thailand (EGAT) to request for debt extension of electricity payment. This will reduce the electricity cost by 7 satang from 4.77 baht per unit to 4.70 baht per unit only. No other assumptions are adjusted. because the calculation of the FT each period There will be a clear set of conditions. What are the criteria for consideration? can not change back and forth at will Otherwise, the review will be intervened at all times. But coming to consider this time as a result of EGAT Submit a letter requesting to extend the debt payment from 5 installments or 20 months to 6 installments or 24 months instead, causing the board to consider again.

In the case of the private sector I want the ERC board Modify the formula for calculating liquefied natural gas or LNG Originally, the board calculated from an average import price of $20 per million BTU. which is the average price for the month of Jan. 23, change to use the average current market price below $ 13 per million BTU to calculate instead will reduce the electricity bill by another 9% or decrease from 4.77 baht to 4.34 baht, and if combined with the figure of EGAT’s debt that causes the electricity cost to decrease by another 7 satang, the electricity cost will be reduced to 4.27 baht per unit must clarify that Calculation of each LNG value Price will be predicted in advance. There is a clear formula Because at the end of the year LNG prices will be more expensive if the private sector, especially the Federation of Thai Industries (FTI), can guarantee the average imported LNG price until the end of the year at 13 dollars per million BTU. If there is an increase in the private sector Will bear the burden on behalf of the people. If the private sector submits a confirmation letter, the ERC will use the imported LNG price of $ 13 per million BTU. Have to ask whether they dare to guarantee or not.

“We have a clear formula for calculating everything. Otherwise, anyone will intervene and will distort the consideration. cause problems in the future LNG price Now that it’s been reduced, it’s not that the price will remain cheap until the end of the year. That’s why we have to estimate it every 4 months so that the price doesn’t fluctuate too much. And now there is another issue about the value of the baht. including the amount of gas in the Gulf of Thailand from the private sector originally stated that Will supply more gas to the Gulf of Thailand, currently 200 million cubic feet per day, increasing to 400 million cubic feet per day in June. 66 but now postponed to July 66 already. The part at the end of the year that says will increase to 600 million cubic feet per day Still don’t know if it can be done or not, it may cause the need to import more LNG.”