The Energy Ministry is working to slow down the fuel tariff (Ft) surge, following an order by the prime minister after he received a plea from business leaders to cap the Ft for one year.
The decision by the Energy Regulatory Commission to increase the power tariff by 20.5% to 5.69 baht per kilowatt-hour (unit) caused businesses to petition the premier in a last-ditch effort to avoid the rapid increase in power bills.
The Ft is a key element in the power tariff, which is used to calculate electricity bills. The new power tariff is valid from January to April next year.
