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Cheaper power bills on the cards as fuel tariff to be cut

Published by
The Bangkok Post

Homeowners may see cheaper electricity bills in May as the National Energy Policy Council (NEPC) has approved spending 13 billion baht from gas sales contracts in Myanmar to reduce the fuel tariff (Ft). National oil and gas conglomerate PTT Plc is the sole buyer of natural gas from operators at the Yadana and Yetagun offshore gas fields in the Gulf of Martaban under take-or-pay contracts, which commit it to paying for a fixed amount of gas, though their usage may be lower than the amount stated in the contracts. PTT already paid the money, though it did not use all the gas in certain years, in…

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