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Monday, April 29, 2024

Govt to freeze or lower power tariff as gas prices ease

A girl cools herself down next to the electric fan at the Temple of the Emerald Buddha. Energy authorities may cut the power tariff in May due to reduction in gas prices. (Photo: Wichan Charoenkiatpakul)

Energy officials may keep the power tariff, which determines electricity bills, unchanged or trim the rate at its next adjustment as gas prices have eased in recent weeks.

The new rate will be in effect from May 1 until August 31.

Early this week, prices of liquefied natural gas (LNG) in the spot market fell to US$15-16 per metric million British thermal units (MMBTU), down from $35-40 per MMBTU during the fourth quarter of last year, said Kulit Sombatsiri, permanent secretary for energy.

The winter, during which high demand for…

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