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price of electricity

Businesses seek ways to adapt to rising electricity prices

Businesses seek ways to adapt to rising electricity prices

Earlier this month, EVN said the retail price of electricity increased by 4.5 per cent to over VNĐ2,000 (8.2 US cents) per kWh starting from November 9, the second time they went up this year.
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.
Renewable energy capacity to be cut due to oversupply of power: MOIT

Renewable energy capacity to be cut due to oversupply of power: MOIT

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). 
MoIT scraps single power price proposal

MoIT scraps single power price proposal

The Ministry of Industry and Trade has decided to cancel plans for a single price model to calculate power tariffs after receiving feedback from relevant ministries and experts.  
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electricity price including one that eliminates its current step pricing, which industry experts have claimed to be outdated and deeply unpopular among consumers. 
Electricity prices move towards market mechanism

Electricity prices move towards market mechanism

Although people and businesses don’t want the price of electricity and other commodities to increase, it is necessary raise these prices to balance the economy in a multidimensional way.
New Decision to boost power pricing transparency

New Decision to boost power pricing transparency

Prime Minister Nguyen Xuan Phuc has promulgated Decision 24/2017/QD-TTg to allow the Electricity of Viet Nam (EVN) to raise the average retail price of electricity by 3 per cent to less than 5 per cent without asking permission from the Ministry...
Power price rises on back of coal, gas hike

Power price rises on back of coal, gas hike

The price of electricity has been raised to an average VND1,508.85 per kWh (exclusive of value added tax) starting today, an increase of VND71.85 (5 per cent).