The EC made the plea at a press conference in the presence of all five election commissioners, including EC chairman Supachai Somcharoen.
Commissioner Somchai Srisuthiyakorn said the EC is prepared to hold the election on Feb 2 as scheduled. But he called on representatives from all political groups to hold talks and reach a settlement on whether or not to postpone the vote, to avoid unrest at the polls.
The government and protesters must come to some kind of agreement on the issue to protect the public, he said.
"It is not the EC's business to say whether the election should be postponed or not," Mr Somchai added.
EC chairman Mr Supachai said the commission has the authority to hold the election, but cannot postpone it.
Thirawat Thirarojwit, a commissioner for party political affairs and public referendums, said the election date has divided opinion since it was set for Feb 2.
If the conflict of opinion is allowed to continue unresolved, the polls may be marred with problems and the election results could be rejected by one or both sides.
The EC believes the caretaker government and anti-government protesters must compromise to find a solution to the issue before the election, Mr Thirawat said.