Energy Regulatory Commission approved spending ‘Unplanned return on investment’ subsidizes electricity bills 22 million homes 23.688 million baht

The Energy Regulatory Commission (ERC) has agreed to use the money returned from EGAT, MEA and PEA’s Claw Back investments, plus the resulting fines. Increased management of private energy producer contracts during the 2014-2019 year, including subsidies for low-income individuals from the Energy Development Fund under Article 97 (1) of the Energy Industry Law Se used to remedy the effects of COVID-19 for a total of 22 million small energy consumers in accordance with the Cabinet resolution that was recognized by the Energy Council on April 21, 2020, which is expected to Use the total amount of approximately 23,688 million baht | Illustration source: Thailand News Agency

The Energy News Center reported on April 30, 2020 that Mr. Komkrit Tantawanavanich, Secretary General of the Energy Regulatory Commission (Office of the Energy Regulatory Commission) as spokesman for the Energy Regulatory Commission (ERC) revealed that the Regulatory Commission of Energy (ERC) The meeting, held on April 29, 2020, resolved to approve measures to help consumers affected by the situation of the 2019 coronary epidemic (COVID-19). Plus

In which the Energy Regulatory Commission has consulted with three electricians. Composed of the Electricity Generating Authority of Thailand (EGAT), the Metropolitan Electricity Authority (MEA) and the Provincial Electricity Authority (PEA) to assess the impact AND the financial burden Which will manage the sufficient cash flow for the use of funds during said period is in accordance with the Cabinet resolution, in which the surplus amount of real use will be combined with the supervision of the financial state and the supervision of the Investment plan of the three electricity companies in 2020. More

By the source of the money to be used to maintain It comes from the management of the electricity bill that is collected from the supervision of the financial status Money returned from unplanned investments The fines derived from the management of contracts of private energy producers during the 2014-2019 year, including low-income grants from the Energy Development Fund under Section 97 (1) of the Energy Industry Act.

For money under Section 97 (1) of the Energy Industry Act of 2007, the act states that it is a capital fund that will be used to pay compensation and subsidize electricity company licensees who have lent services to disadvantaged energy consumers or to provide complete electricity services. Or to promote policies to spread prosperity in the region.

However, the Energy Regulatory Commission has considered that the use of money under Article 97 (1) can be used to treat households affected by COVID-19 without violating the law. There may be a problem since the Energy Regulatory Commission will not have money to back the electric variable automatically (Ft) in the event that fuel costs increase in the future.

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