The Electrical Power Authority of Thailand (EGAT) has actually revealed that it can not captivate any more ask for more affordable electrical power costs in the upcoming four-month cycle. The choice comes as EGAT deals with monetary stress due to its collected loss, which arised from funding power costs in between September 2021 and May 2023. The Energy Regulatory Commission (ERC) approximates the collected loss to reduce to 135 billion baht by the end of the existing month.
To attend to the monetary circumstance, EGAT has actually consented to execute a brand-new power tariff rate of 4.45 baht per kilowatt-hour from September to December this year. This tariff will assist the authority clear its losses by April 2025, with part of the cash repaying EGAT. Nevertheless, the firm has actually revealed issues that more cuts in electrical power costs would impede its capability to pay back financial obligations and effect its future financial investment in power facilities.
The previous high electrical power costs were slammed for triggering organizations to increase item costs, eventually raising the expense of living. The Federation of Thai Industries recommended that minimizing electrical power costs would assist organizations handle running expenses and make Thailand a more appealing financial investment location. Nevertheless, Egat thinks that the authorized 4.45-baht rate strikes a balance in between dealing with customer issues and securing the authority’s monetary stability for future energy facilities financial investments.
EGAT Guv Boonyanit Wongrukmit explained the significance of prompt financial obligation payment to prevent possible unfavorable results on the authority’s capital and credit ranking, which might lead to greater loan rates. He likewise highlighted the significance of keeping financial investment in power transmission growth to make sure long-lasting energy security for the nation. ( NNT)
