The Ministry of Industry and Trade (MoIT) is drafting a Prime Minister''s Decision on the mechanism for adjusting the average retail electricity price.
Low power demand coupled with an oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants to avoid overwhelming the national grid, according to the Ministry of Industry and Trade (MoIT).
The Ministry of Industry and Trade (MoIT) is considering allowing households to choose a common retail power price for their electricity consumption, said deputy minister Hoang Quoc Vuong.
Government inspectors will investigate the latest power price increase by 8.36 per cent to VNĐ1,864 (8.03 US cents) per kWh from March 20 following concerns among the public.
Viet Nam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports.
Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Industry and Trade (MoIT) to calculate retail power price adjustments every six months instead of three as it proposed.
The Ministry of Industry and Trade (MoIT) has not yet decided to adjust power tariffs this year and has been calculating basic prices, the ministry on Friday announced at an electricity production cost conference in Ha Noi.
The Ministry of Industry and Trade has decided to keep the ceiling prices for power generation of thermal electricity and hydroelectricity unchanged in the year of 2017.
HA NOI (VNS)— The price of power will not rise this month, said director
of the Ministry of Industry and Trade''s Electricity Regulatory
Department Dang Huy Cuong.