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.