Electricity price cut in Jan

THURSDAY, DECEMBER 25, 2014
Electricity price cut in Jan

The Energy Regulatory Commission (ERC) agreed to cut the fuel tariff (Ft) on electricity for the January-Apri round by 10.04 satang per unit, due to plunging oil prices.

Veerapol Jirapraditkul, ERC spokesman, said after the commission's meeting that the Ft rate, a variable electricity charge, would go down from 69 satang per unit to 58.96 satang per unit in the four-month period.

 
Dubai crude oil has plunged to below US$60 per barrel. 
Veerapol said that the price should stay below $60 per barrel during January-April 2015.