Thread: Electricity bills to rise next year

BANGKOK, 9th November 2018 (NNT)-The Office of the Energy Regulatory Commission (OERC) is set to increase the fuel tariff (FT) on electricity bills by 4.30 satang per unit next year.

The new rate will apply to electricity bills from January to April next year; bringing the average electricity cost per unit to 3.6 baht. The current FT rate, set for September to December bills, is 15.90 satang per unit. The adjustment is the first in 16 months.

Rising fuel prices have led to the rate increase. The OERC claimed, without effective management, the FT could rise by as much as 8.10 satang per unit. The FT is likely to rise further if fuel prices continue to rise.

http://thainews.prd.go.th/website_en...C6111090010033

The FT makes the trick that hardly one can dispute. Same trick as all transportation companies do...

They never actually say by what percentage bills will rise, do they?

Originally Posted by harrybarracuda

They never actually say by what percentage bills will rise, do they?

Perhaps they give us credit for being able to work it our for ourselves given they have told us both the old rate and the increase.

Originally Posted by Klondyke

The FT makes the trick that hardly one can dispute. Same trick as all transportation companies do...

To be fair to the Thai authorities, they do sometimes reduce the fuel tariff.

Originally Posted by Neverna

To be fair to the Thai authorities, they do sometimes reduce the fuel tariff.

Yes they do, as the price of crude oil has fallen by 21% in the last few weeks difficult to see how they can go ahead with this increase.

I think the fuel tariff is reviewed every four months. Perhaps they'll reduce it at their next meeting.

Originally Posted by Neverna

Perhaps they give us credit for being able to work it our for ourselves given they have told us both the old rate and the increase.

Originally Posted by Neverna

Perhaps they give us credit for being able to work it our for ourselves given they have told us both the old rate and the increase.

Perhaps they give "you" credit for being able to use a calculator, but you're not the target audience.

No-one is going to look at that prime facie and say "That's a big increase" but they might do if it said it's going up 27%.

Originally Posted by harrybarracuda

No-one is going to look at that prime facie and say "That's a big increase" but they might do if it said it's going up 27%

Nobody will say that's a big increase, regardless. 20 satang per unit. 6% on total per unit cost.

Originally Posted by Neverna

I reckon it's about 1.33%.

Originally Posted by Maanaam

6% on total per unit cost.

Shit...am I going to shamed here? Can't be bothered getting the calculator...someone will condemn me.

Originally Posted by Maanaam

Nobody will say that's a big increase, regardless. 20 satang per unit. 6% on total per unit cost.

Originally Posted by Maanaam

Shit...am I going to shamed here? Can't be bothered getting the calculator...someone will condemn me.

It's not always easy to be (allegedly) not good at English and not good at maths, but you've managed it. Well done. 55

Originally Posted by Neverna

It's not always easy to be (allegedly) not good at English and not good at maths, but you've managed it. Well done. 55

Barry?

Originally Posted by Neverna

It is a minimal increase, Harry. It's only the FT that's changing, as it does regularly. For those without a calculator, I reckon it's about 1.33%.

A few years ago, the fuel tariff was even into negative territory. You paid no fuel tariff and they actually knocked money off your bill.

It should be now since crude is in the doldrums and will get worse if there is an economic slowdown.

McGuigan?
Norman?
Obama?

Barrymore

Originally Posted by harrybarracuda

It should be now since crude is in the doldrums and will get worse if there is an economic slowdown.

Oil isn't the only or even main fuel for Thai power stations. Natural gas fuels a lot of them and the price of natural gas is only partly pegged to the prices of fuel oil products. The strength or weakness of the baht also plays a part in fuel and electricity prices.

Originally Posted by Neverna

Oil isn't the only or even main fuel for Thai power stations. Natural gas fuels a lot of them and the price of natural gas is only partly pegged to the prices of fuel oil products. The strength or weakness of the baht also plays a part in fuel and electricity prices.

this could go on.

Shocking

Power in Thailand is relatively cheap. Don't panic.

Originally Posted by Neverna

Oil isn't the only or even main fuel for Thai power stations. Natural gas fuels a lot of them and the price of natural gas is only partly pegged to the prices of fuel oil products. The strength or weakness of the baht also plays a part in fuel and electricity prices.

Point taken... gas prices are on the rise.

I noticed this while I was looking that up:

The UAE’s flagship oil and gas company Adnoc has made a gas discovery of 15 trillion cu ft and a crude oil discovery of 1 billion barrels, Abu Dhabi’s Supreme Petroleum Council said Sunday at the presentation of the company’s five-year business plan until 2023.
The discoveries come at a time when the whole region is seeking to increase its production capacity in both oil and gas. For the UAE, more gas production is particularly important because despite its loyalty to Saudi Arabia, the country needs Qatari gas to satisfy its energy demand.
The discoveries, Adnoc reported, were made in six untapped blocks that were open for exploration earlier this year. According to the company, they might contain several billion barrels of oil on top of the 1 billion barrels already estimated. However, these estimates have been made before exploratory drilling begins, which is scheduled for the first quarter of 2019 when the first exploration and production licenses will be awarded by Adnoc.

Made me laugh because they might have another not-so-joyful announcement this coming week if the jungle drums are correct. Sadly I'm not allowed to mock them yet as it hasn't been confirmed.



https://oilprice.com/Energy/Energy-G...scoveries.html

Originally Posted by Neverna

It's not always easy to be (allegedly) not good at English and not good at maths, but you've managed it. Well done. 55

Yeah. it be hard.
6% is the FT componant, not the rise.

Rise and rise they will, utilities bills, on the rare occasion when they do get reduced, the reductions always seem less than the increases .

However, for comparative purposes, my Thailand electric bills are running @ 60% of my northeast USA bills.

Generalization - but, here our cost of living is on the order of 65-75% of our USA costs. Here we are living as we choose, without concern of our spending, in the USA, well, we were coupon clipping.

In my village days electricity was free if the bill was less than a certain amount, I think 300 bt.