Tags

electricity price

EVN reports record loss despite electricity price increases

EVN reports record loss despite electricity price increases

Although electricity prices were increased twice in 2023, Việt Nam Electricity (EVN) reported an after-tax loss of VNĐ26.77 trillion (US$1.053 billion) on rising electricity production costs, according to its audited financial report.
Electricity price can soon be adjusted every three months

Electricity price can soon be adjusted every three months

The minimum waiting period between price adjustment periods was six months previously. 
Adjusting electricity price every three months reasonable: EVN

Adjusting electricity price every three months reasonable: EVN

EVN says that when electricity production cost decreased by 1 per cent or more, the average electricity retail price would be reduced at the corresponding rates.
Ministry proposes electricity price be adjusted every three months

Ministry proposes electricity price be adjusted every three months

An increase from 5 per cent to below 10 per cent would be decided by the Ministry of Industry and Trade and by 10 per cent or higher by the Prime Minister.
Electricity price hike leaves minimal impact in short term: Ministry

Electricity price hike leaves minimal impact in short term: Ministry

Recent electricity retail hike of 3 per cent will likely have a small effect on the country''s CPI in the short run, according to the Ministry of Finance.
EVN proposes electricity price hike to combat losses

EVN proposes electricity price hike to combat losses

The Electricity of Vietnam (EVN) has once again proposed to increase electricity prices to combat enormous losses, which may reach more than VND93 trillion (nearly US$4 billion) in 2022 and 2023.
Ministry considering EVNs proposal for electricity price hikes

Ministry considering EVN’s proposal for electricity price hikes

Deputy Minister of Industry and Trade Do Thang Hai said on the sidelines of the Government''s November meeting on Thursday that prices of input were rising in both domestic and global markets, which were certainly affecting electricity production prices.
EVN refuses to accept electricity price negotiations for renewable power projects

EVN refuses to accept electricity price negotiations for renewable power projects

EVN believes that determining the average annual power output of wind and solar power plants to determine electricity prices would be more complicated than traditional energy projects.
Electricity price reductions estimated at more than VND1.5 trillion to support customers during the pandemic

Electricity price reductions estimated at more than VND1.5 trillion to support customers during the pandemic

Reductions in electricity prices from June to the end of this year to support customers to overcome the difficulties caused by theCOVID-19 pandemic are estimated to total VND1.57 trillion (US$67.67 million).
MoIT consider single pricing model for power tariff

MoIT consider single pricing model for power tariff

The Ministry of Industry and Trade is considering new models to calculate electricity price including one that eliminates its current step pricing, which industry experts have claimed to be outdated and deeply unpopular among consumers. 
Suitable tiered pricing mechanism urged for electricity sector

Suitable tiered pricing mechanism urged for electricity sector

The Ministry of Industry and Trade (MoIT) is proposing reducing power price tiers from the current six to five levels.
MoIT denies reports about power price increase

MoIT denies reports about power price increase

The Ministry of Industry and Trade (MoIT) late on Tuesday denied reports that the nation’s electricity price had increased. The reports had appeared on some websites and social media posts.
No electricity price hikes this year

No electricity price hikes this year

There are no plans to increase electricity prices this year, according to the Electricity Regulatory Authority of Viet Nam.
No electricity price increases until the end of Q2

No electricity price increases until the end of Q2

Electricity and fuel prices won''t increase until July at the earliest.
Electricity hike hits industry hard

Electricity hike hits industry hard

Vietnamese manufacturers are set to increase their selling prices following the 8.36 per cent hike in electricity price that launched from March 20.