In June alone, demand declined 0.5 per cent.
EGAT Governor Sombat Sarntijaree said on Friday that overall this year, power demand would contract 2.5 per cent, in line with the economic growth forecast. This will result in a lower profit remittance to the government.
EGAT is obliged to remit 40 per cent of profits to the government. Last year, it remitted Bt12 billion.
Earlier, Egat plans to issue Bt30 billion bonds, but it was advised by the Finance Ministry - which has recently raised Bt50 billion through bonds - to directly sell the bonds to financial institutions.