State-run Electricity Generating Authority of Thailand (Egat) is worried about its heavy financial burden after spending billions of baht to subsidise electricity expenses for people since last year.
Last year Egat was ordered by the Energy Regulatory Commission (ERC) to cap the fuel tariff, or Ft, on power bills from September 2021 to April this year, which cost Egat around 60 billion baht.
Ft is mainly determined by fuel costs, which are increasing as the Russia-Ukraine war continues.
