Thailand’s Energy Regulatory Commission (ERC) has officially approved the new electricity rate for the May-August 2026 billing period at 3.95 baht per unit (excluding VAT). This decision, made on April 1, 2026, aims to balance actual energy costs with the public’s cost of living during a period of global energy price volatility.
Key details of the new electricity rate include:
- Rate Composition: The total rate of 3.95 baht per unit consists of a base electricity rate of 3.78 baht and an automatic adjustment (Ft) rate of 0.1623 baht per unit.
- Cost Mitigation: To keep the rate at 3.95 baht, the ERC utilized approximately 9.472 billion baht from “Claw back” funds (excess profits) to reduce the burden by about 0.1343 baht per unit.
- Outstanding Debt: The Electricity Generating Authority of Thailand (EGAT) continues to carry an accumulated cost burden of 35,928 million baht on behalf of the public.
- Public Opinion: During a public hearing held from March 25–31, 2026, 49% of respondents agreed with the proposed rate of 3.95 baht per unit.
- Alternative Considerations: Proposals to freeze the rate at 3.88 baht were considered but would have required an additional 5,000 million baht over the four-month period.
The ERC noted that global energy prices, particularly Liquefied Natural Gas (LNG), remain volatile due to geopolitical tensions in the Middle East. Additionally, electricity consumption typically rises in April due to the summer heat, which can lead to higher bills under the progressive (step-up) rate structure.
