Power tariff set to fall by early 2025

Quick Summary:

The power tariff, which will be capped at 4.18 baht per kilowatt-hour (unit) to maintain electricity prices until the end of this year, is likely to decrease early next year, as global demand for liquefied natural gas (LNG) is thought to be decreasing, which would result in lower gas prices.

The commission agreed to adjust conditions allowing power companies which did not participate in the first phase of the scheme to join the new auction.

Egat and PTT, the country's sole gas seller, also helped the government subsidise gas prices, which cost them 12 billion baht and 3 billion baht, respectively.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Baht Electricity Prices Government Energy Bills Power Tariff Rate Year Demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 04:35:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 21890706

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Official Website: bangkokpost.com

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