Ministry of Energy coordinates with the ERC to reduce electricity costs after LNG prices fall

Bangkok 26 July-Motor Energy Follow up on the LNG price situation, assess the electricity cost, which has decreased from last year's high adjustment affecting the electricity cost. While gas production in the Gulf of Thailand has increased, coordinating with the ERC to reduce electricity costs appropriately.

Mr. Sompob Pattanoriyangkul A spokesman for the Ministry of Energy has said that since the energy price crisis. The main reason was the Russo-Ukrainian War. As a result, the price of imported liquefied natural gas (LNG) is high and quite volatile. and inevitably affect the electricity bill In the past, the Ministry of Energy and related agencies have jointly monitored and managed the situation closely and implemented all possible measures. To reduce the burden of electricity for the people and operators.

In the past, measures have been taken to convert fuel from LNG to diesel fuel in case diesel fuel is cheaper than the temporary resuming of Mae Moh Power Plant. Accelerating natural gas production in the Gulf of Thailand management to bring more gas used by the petrochemical sector into the electricity sector Buying electricity from renewable energy and hydropower from neighboring countries, including letting the Electricity Generating Authority of Thailand (EGAT) temporarily help bear the burden of fuel costs on behalf of the people. and issuing measures to help reduce variable electricity (Ft) for vulnerable household electricity users and groups of electricity users not exceeding 500 units, which the Ministry of Energy continues to monitor and do everything possible to reduce the cost of electricity production. down and mitigate the impact on people and entrepreneurs.

“As for the fuel cost situation in the next cycle (September to December), the Ministry of Energy estimates that there is a better trend. This is because the price of LNG imported from the spot market has softened. Increased natural gas production in the Gulf of Thailand The Ministry of Energy has submitted comments to the Energy Regulatory Commission (ERC) on ways that may be considered in calculating the Ft, for example, the saving effect from the difference between the fuel price assessment and the actual price. Both in the next round of Ft calculations, including the first round of 2024, including the management of the actual outstanding costs appropriately, ”said Mr. Sompop.-Thai News Agency

Source: Thai News Agency