Bangkok, The Energy Regulatory Commission stated that the electricity price trend in 2024 will be at 4.20 baht/unit, excluding EGAT’s fuel debt of approximately 100 billion baht. Ready to reveal progress on green electricity tariff trends. Currently in the process of listening to public opinion, expected to take 3 weeks.
Mr. Khomkrit Tantrawanit Secretary-General of the Energy Regulatory Commission or Energy Regulatory Commission (ERC), as spokesperson, said that the trend of electricity prices for the May-August 2024 period will be stable from this period. (January-April 2024)? The electricity price is 4.18 baht/unit. It is expected that the new cost will be around 4.20-4.25 baht per unit and the electricity cost for the whole year will be around 4.20 baht/unit. This does not include debt for fuel at the Electricity Generating Authority. of Thailand (EGAT) has previously borne the burden of costs to the people totaling 110 billion baht, which if combined with the cost of electricity, it would probably incr
ease even more than this.
As for the cost of electricity, this depends on many assumptions, such as natural gas from the Erawan field. Will it come or not? According to the 800 million cubic feet per day requirement by April 2024 and the problem of natural gas from Myanmar, will the amount decrease from the forecast or not? Including the price of liquefied natural gas or LNG. What will the price be? If it remains at the current price until April in 2024, it is possible that the price of electricity will not be higher or will increase slightly, with the current price being 10-11 USD per million BTU.
‘The cost of electricity depends on many factors. Will there be a new round of gas short fall from the Erawan field or not? And it will depend on political policy as well as the price of LNG in the world market,’ Mr. Khomkrit said.
Mr. Khomkrit mentioned the determination of electricity tariffs for green electricity services that it is currently in the process of listening to public opinions. It is expected that
it will take approximately 3 weeks before the opinions obtained are brought back to the Energy Regulatory Commission for consideration again. It must be understood that the Utility Green Tariff or UGT is the tariff for electricity from renewable energy such as solar energy, wind energy, and water energy. Which will be issued a renewable energy electricity production certificate (REC Certificate) together with the service. People who want to use green energy can choose from two forms: the first type is that electricity users will not be able to specify the source of green electricity (UGT 1). This group of users will be electricity consumers type 3, 4 and 5 can use green electricity services from Provincial Electricity Authority and Metropolitan Electricity Authority at normal price It is expected that the service will be sold in May 2024. The second model is that electricity users can specify the source (UGT 2). This group will be electricity users of categories 4 and 5 and will use green electricity services
that they receive. Purchased from a new renewable energy power plant. It is expected that the price will be approximately 4.55 baht per unit, which is a price similar to Malaysia. Initially, it is expected to open for purchase of 5,000 megawatts. If there are more people interested, the purchase will be expanded to another 3,000 megawatts, which if it is as expected. It should be available for sale to the private sector at the end of this year or early next year.
As for the question of why green energy must be used? It is because the countries that consume the products There are international rules that want to participate in reducing global warming. Buyers are therefore increasingly turning to use services with companies that use clean energy, which is in line with the new world trend.
Source: Thai News Agency