Thai authorities to resubmit subsidy proposal to Election Commission

Thailand‘s points around electrical energy costs are persevering with.
Thailand’s Prime Minister Prayut Chan-o-cha stays decided that the federal government will resubmit a proposed eleven million baht (US$330 million) subsidy for family electricity payments to the Election Commission (EC) for approval.
The proposal, which was approved by the Cabinet last week, was beforehand rejected by the polling regulator, according to an unnamed source. When asked concerning the resubmission of the proposal to the EC, Prime Minister Prayut confirmed that it will be submitted along with a justification for its quick approval, which he believes will be granted swiftly.
The constitution’s Section 169 stipulates that any finances allocation for emergencies by an outgoing Cabinet following a House dissolution should first get hold of the endorsement of the poll agency.
Under the proposed Cabinet plan, the power subsidy could be extended for an additional 4 months, from May to August, for households consuming less than 300 items per thirty days. This is meant to help households going through monetary difficulties, Bangkok Post reported.
Those utilizing 1 to one hundred fifty items per month would see a discount of ninety two.04 satang per unit, whereas these consuming 151 to 300 units would receive a discount of sixty seven.04 satang per unit. Approximately US$228 million will be sourced from the 2023 budget for emergency purposes to fund this initiative, which is anticipated to assist 18.36 million households.
Forgotten designed to provide financial aid for individuals with high electricity payments is a proposed US$4.50 reduction for households using a maximum of 500 units for May only.
A new record of round 23.4 million households utilizing greater than 500 units is anticipated next month.
As a result, the Cabinet Secretariat urgently appealed to the EC for permission to pay a subsidy to the Electricity Generating Authority of Thailand (EGAT) to help alleviate a US$4.5 billion shortfall attributable to the freezing of the gasoline tariff in its calculation of power prices.
However, Somchai Srisutthiyakorn, former EC member and current chief strategist of the Seri Ruam Thai Party, personally believes that the EC won’t approve the power subsidy plan till after the election on May 14. The EC is conscious that approval of the proposal before that date might potentially breach the regulation..

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