Households and businesses are bracing for higher electricity bills in the final four months of this year as the Energy Regulatory Commission (ERC) has announced a sharp increase in the fuel tariff (Ft), which is expected to jump nearly fivefold from 0.16 baht to 0.94 baht per kilowatt-hour, driving overall power tariffs upwards.
ERC secretary-general Poonpat Leesombatpiboon explained that the increase is driven by a projection of rising fuel costs and the need to reimburse the Electricity Generating Authority of Thailand (Egat) for billions of baht spent on past electricity subsidies.
