Assistance from PTT is part of a relief plan now being discussed by energy authorities who want to see Egat better manage its budget. Last year Egat was ordered by the Energy Regulatory Commission to cap fuel tariffs on power bills from last September to April this year, which cost Egat around 60 billion baht. PTT was asked to join efforts to help Egat because gas accounts for 65% of power generation costs. LNG prices under long-term purchase contracts stand at US$10-13 this month, compared with $21-22 in the spot market. Like Egat, PTT also helped relieve people's living costs by spending 10.5 billion baht selling gas at discounted prices to taxi drivers, manufacturers, small power producers and street food vendors.

Source: Bangkok Post May 20, 2022 00:51 UTC