Power wrestle: JSCCIB takes on govt to decrease electricity costs

Zany are working high in Thailand as the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has declared war on the government in a bid to deliver down the nation’s hovering electricity costs.
The committee, comprised of representatives from main business groups, is asking Prime Minister Prayut Chan o cha to reconsider the electrical energy bill calculation and scale back the power tariff of four.77 baht per kilowatt-hour (unit), reported Bangkok Post.
New for businesses have elevated by 13%, reaching an all-time high of 5.33 baht per unit, while households are charged four.seventy two baht per unit.
Kriengkrai Thiennukul, chairman of the Federation of Thai Industries, a core member of JSCCIB, said…
“The authorities ought to contemplate decreasing the Ft because excessive rates will have an effect on the economic system amidst a global financial slowdown.”
The JSCCIB plans to present a letter to the 69 yr old prime minister, suggesting officials ought to base their calculation on an assumption that the home fuel supply will increase.
The committee can also be maintaining a close eye on international oil costs, as OPEC and its allies are cutting manufacturing, which is prone to improve international oil prices.
The Energy Regulatory Commission (ERC) is decided to pay part of the money from energy bills to the state-run Electricity Generating Authority of Thailand (EGAT).
The EGAT has posted an accumulated loss of one hundred fifty billion baht after subsidizing the value of electricity from September 2021 till December 2022.
The JSCCIB disagrees with a change to a two-year payback period, which would drive up energy payments between May and August and has instructed a three-year payback interval instead.
As the nation faces rising electricity prices, JSCCIB maintains it’s preventing for the folks and businesses of the country, urging the Thai government to rethink its electrical energy invoice calculation and convey down the power tariff..

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