The Energy Regulatory Commission (ERC) has approved an 18% rise in the price of electricity for the September-December quarter, to a record-high 4.72 baht per kilowatt hour (unit). The ERC announced the new rate on its Facebook page on Monday. The increase comes from the fuel tariff (FT) component in the electricity tariff increasing by 0.6866 baht per KWh to 0.9343 baht per KWh on the rising price of imported liquefied natural gas (LNG), used for 60% of the country’s power generation. LNG imports have increased because of the declining production of cheaper domestic gas from the off-shore Era…

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