The upsurge in global oil prices following the Russia-Ukraine war is expected to cause the power tariff, used to calculate electricity bills, to rise to a record high above 4 baht per kilowatt-hour (unit) for the first time, says the Energy Regulatory Commission (ERC).
The new rate was discussed by energy officials when the ERC examined the impact of higher energy prices on the power tariff, which is made up of the base tariff and fuel tariff, or Ft.
While the Ft is mainly determined by fuel costs, the base tariff refers to the costs for power plants and distribution systems and is revised every 5-6 years in line with investment in the power industry and the business outlook.
Officials adjust the Ft every four months, basing their calculation on foreign exchange rates, power consumption and fuel costs.
“We are facing a double impact from higher energy prices –…
