Mr. Komkrit Tantravanich Secretary-General of the Energy Regulatory Commission (Office of the ERC) as a spokesman for the ERC revealed that on July 7, 2021, the Energy Regulatory Commission (ERC) resolved to freeze the variable electricity cost (FT). For the electricity bill in the period of September – December 2021, it will be charged at -15.32 satang per unit. As a result, electricity users will continue to pay the same amount of electricity at the rate of 3.61 baht per unit until the end of 2021, according to the guidelines to adjust the FT cost to be stable throughout this year 2021.
The ERC considers the trend of crude oil prices that have risen to the level of 66.3 USD per barrel. and the trend of the baht depreciation to 31.3 baht per USD in May 2021, which directly affects the FT value at the end of the year. If we consider the price of crude oil in the world market that continues to rise in 2022 from the recovery of the world economy. Thailand will enter a state of rising energy prices. causing the FT value in 2022 to increase. Therefore, the management of the FT in 2022 will be in the direction of creating a stable and stable electricity price in order to drive the implementation of the government’s policies to take care of electricity users during the transition from the situation. Covid-19 epidemic towards sustainable economic recovery in the country
For the factors in determining the FT value in the period of September – December 2021 include:
1. Electricity demand during September – December 2021 is approximately 64,510 million units, decreasing from the previous projection (May – August 2021). The demand for electricity was 67,885 million units, a decrease of 4.97%.
2. The proportion of fuel use in electricity generation during Sept. – Dec. 2021 still uses natural gas as the main fuel for 53.90% of the total fuel used in electricity generation. In addition, it is the purchase of electricity from abroad. (Laos and Malaysia) totaling 20.13 percent, EGAT’s lignite cost 9.45 percent, coal imported to private power plants 7.43%, and other 6.90%.
3. The average fuel price used in the FT calculation in Sept. – Dec. 2021 changed from the projection in May – Aug. 2021. The price of natural gas, which is the main fuel. in power generation and the average imported coal price increased from the estimated period of May-August 2021, with other fuels dropped and fixed as shown in the table
4. The average exchange rate used in the projection (1st – 31st May 2021) is 31.30 baht per USD. Depreciated from the estimate for the period May-August 2021, which was estimated at 31 baht per USD.
However, if the Dubai crude oil price situation and the exchange rate change beyond the forecast, the ERC will still be able to use the 4,129 million baht saved management money to help stabilize the FT value at the end of 2021.
In this regard, the ERPC will conduct a public hearing on the FT Fee for the September – December 2021 collection on the ERPC website from 9 – 19 July 2021 prior to the official announcement. next
Source: Siamphone by news.siamphone.com.
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