The Energy Regulatory Commission (ERC) has resolved to maintain the fuel tariff (Ft) at an average of -0.1532 baht per kilowatt-hour (unit) to control monthly power bills this year as the global oil price is on an uptrend.
This Ft rate puts the power tariff, which is used to calculate electricity prices, at 3.61 baht per unit in 2021.
The power tariff is made up of the Ft, which varies with fuel costs, and the base tariff, which indicates the costs of power plants and distribution systems. A lower Ft and base tariff mean cheaper electricity bills.
ERC secretary-general Khomgrich Tantravanich said the Ft rate, which is adjusted every four months, will be managed and controlled by a state fund currently valued at 2.61 billion baht.
From September to December last year, the Ft stood at -0.1243 baht. The rate was expected to decrease to -0.1523 baht for January to…
