The Office of the Energy Regulatory Commission (Office of the Energy Regulatory Commission) revealed that the price of electricity from renewable energy included in the electricity tariff for the period of September-December 2024 has increased by 16.62 per unit. Or calculated as the cost of electricity to be paid collectively by the people, approximately 10,020 million baht, implying that 4,852.26 MW of renewable energy from green electricity projects will gradually enter the system in 2025. It is an ongoing cost that people have to pay but it is guaranteed to help reduce the overall cost of electricity. This is because the price is regulated at 2 baht per unit.
Office of the Energy Regulatory Commission News Release (Office of the Energy Regulatory Commission) The Energy Regulatory Commission (ERC) has found that measures to support renewable power generation from a study on the price of electricity from renewable energy included in the latest electricity tariff for the coming months of September – December 2024. The actual cost of energy (FiT) and additional payment for the purchase price of electricity (adder) still affect the cost of electricity from September – December 2024, 16.62 satang per unit or 10,020 million baht for the total population to pay including electricity bill.
However, when the Adder and Fit contracts are expected to expire in 2027, the cost of electricity derived from renewable energy must still be included in electricity bills.
As for the year 2025, electricity from renewable energy will still enter the system, i.e. 4,852.26 MW of green electricity has recently been purchased, the purchase price of electricity is set low, approximately 2 Baht per unit, so, it is in 2025, the costs of this part of renewable energy in 2025 will be Does not appear on the bulk of the bill and helps reduce overall electricity costs.
The cost of electricity from renewable energy is expected to be 16.70 satang per unit throughout 2024. This is calculated to be 18.19 satang or 35,457 million baht per unit from 2023. In 2021, the cost of electricity from renewable energy is the most expensive, with an average electricity cost of 30.87 satang per unit. Or 54,065 million baht in electricity bills.
Regarding electricity prices for the September-December 2024 period, the Energy Regulatory Commission is in the process of soliciting feedback from the public on 3 approaches, which will vary according to the repayment of the Electricity Generating Authority of Thailand's (EGAT) debt: 1. Automatic variable electricity costs (ft) 222.71 satang per unit Total base electricity cost is 3.78 Baht per unit, thus electricity cost is 6.01 Baht per unit 2. ft value 113.78 satang per unit inclusive of basic electricity cost of 3.78 baht per unit, electricity 4.92 baht per unit and 3. ft value per unit 86.55 satang. Electricity cost is 4.65 baht per unit, including basic electricity cost of 3.78 baht per unit.
Energy News Center Correspondent (Energy News Center – ENC) The Adder contract, or “additional payment for electricity,” has been in place since 2007, and the system has reportedly started generating electricity since 2011. The contract period is approximately 10 years, with a fixed price of 8 baht per unit. Then reduced to 6.50 Baht per unit Electricity producer will get electricity costs divided into 2 parts: 1. Total electricity costs. This is electricity bill according to actual costs 2. Adder charges 8 or 6.50 baht per unit, which will end in 2027 when last entered into the system.
Therefore, the phase-out phase reduces the cost of electricity from renewable energy. However, even after the aggregator contract expires, the power plant that receives the power plant continues to have a contract to produce electricity, but will only receive money on the cost of electricity. (The cost of electricity generated from old technology power plants is higher than that of new power plants)
The Ministry of Energy is aware of the high consumption of electricity from old power plants and is considering how it can be continued. This is because an old power plant can generate electricity for about 20-25 years or until the power plant becomes obsolete. Even if the order is not forthcoming, some power plants can replace the spare parts and run the power generator for longer than the life of the power plant. This will become a burden on electricity costs for people who have to pay higher prices than new power plants.
However, the Ministry of Energy will consider what action to take. The said power plant is used to generate electricity for its own consumption without selling it to the system, etc. Or negotiate lower electricity prices to participate in future green electricity projects that set affordable electricity prices.
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