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(Bloomberg) — Thailand plans to cut electricity tariffs by about 20% for households that use relatively little power, in a bid to ease living costs amid surging global energy costs, according to Energy Minister Akanat Promphan.
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Homes that use up to 200 units a month will pay less than 3 baht (about 9 US cents) per unit, down from the current average of about 3.95 baht, Akanat told reporters on Tuesday.
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Prime Minister Anutin Charnvirakul’s government has been trying to curb energy costs, including retail diesel rates, as tensions in the Middle East push up crude prices. Thailand depends heavily on imported fuel, from oil to natural gas, and has had to turn to pricier liquefied natural gas on the spot market to keep power plants running after supply disruptions from Qatar, one of its main suppliers.
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Households currently pay about 3.25 baht per unit for the first 150 units of monthly use, with rates rising to as much as 4.42 baht as consumption increases, according to the Provincial Electricity Authority’s website.
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Meanwhile, tariffs will rise for households with higher consumption to offset the subsidy for smaller users. Usage between 200 and 400 units a month will cost 3.95 baht per unit, while consumption above 400 units will be charged at no less than 5 baht, Akanat said.
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A committee chaired by Anutin will meet on Wednesday to review the proposal. If approved, the new tariff structure is expected to take effect in June, Akanat said.
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