Thailand (EGAT) per EGAT’s dispatch instruction causing the lower revenue in the Energy Payment (EP). However, the revenue from the Availability Payment (AP) increased because of the incline in the Weight

million or 7%. The increase was caused by the incline in natural gas consumption volume used in producing electricity and steam, as well as the price of natural gas. Q3/2017 VS Q3/2016 (YoY) • When

29 million or 44%. The increase was caused by the incline in natural gas consumption volume used in producing electricity and steam, as well as the price of natural gas. Q4/2017 VS Q4/2016 (YoY) • When

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic Community (AEC), and the advancing digital age amid the rapid pace of technological advancement, thus lea...

.  Fuel Oil and Dubai crack spread (FO/DB) in Q2/2019 averaged at -2. 34 $/BBL, an incline adjustment of 2.11 $/BBL compared to Q2/2018. Supported by the lowering production of the OPEC members and partners

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...