In an exclusive update from the Energy Regulatory Commission (ERC), consumers can breathe a sigh of relief as Secretary-General Komkrit Tantravanich guarantees minimal disruption to household electricity bills.
Komkrit reassures the public that from May through August, electricity rates will hover between 4.20 to 4.25 baht per unit. Moreover, this promising price stability is linked to a surge in natural gas supply from the Gulf of Thailand, projected to hit a whopping 800 million cubic feet per day in April.
Despite a dip in natural gas prices to US$10 to US$11 per million BTU, the estimated electricity rate excludes subsidies from the Electricity Generating Authority of Thailand (EGAT), according to Komkrit.
If all goes according to plan with Gulf LNG production and the global price steadies at US$10 to 11 per million BTU, the average electricity…
