PTT extends gas debt to 1.3 billion baht for 4 months, allowing EGAT to reduce the cost of electricity to help people

PTT extends gas debt to 1.3 billion baht for 4 months, allowing EGAT to reduce the cost of electricity to help people

On 20 May 2022 at 1:30 p.m.

PTT alleviates electricity costs for people Extending repayment periods to EGAT for 4 months worth more than 13 billion baht, refrain from collecting late penalties that are more than 340 million baht.

Mr. Atthaphon Rerkpiboon, Chief Executive Officer and President of PTT Public Company Limited, revealed that from the Electricity Generating Authority of Thailand (EGAT) had to bear the burden of electricity for the people to help freeze Automatic Variable Electricity (FT) according to government policy since the end of 2021, during which the global energy situation is highly volatile. As a result, the cost of natural gas fuel to generate electricity is much higher.

While people are still affected by the economic impact of the Covid-19 epidemic, the PTT Board of Directors meeting on May 19, 2022 has a resolution to approve PTT to help alleviate the burden of production costs. electricity to the people by postponing the payment schedule for gas For the period of May 2022, the value of approximately 13,000 million baht will be issued for a period of 4 months without charging an interest rate of approximately 340 million baht that will occur. To help enhance liquidity for EGAT to bear the cost of generating electricity for the people.

However, PTT and EGAT are state enterprises under the supervision of the Ministry of Energy. and from the aforementioned energy crisis Both organizations discussed with government agencies. Both from the Ministry of Energy and the Energy Regulatory Commission (ERC) to consider the procurement of fuel for use in electricity generation. with the goal to reduce the impact on people as much as possible and taking into account the energy security of the country accordingly The main mission of both organizations

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