Power price goes up by 5 pct
Electricity price in Viet Nam went up by 5pct starting today, August 1, following a recent decision of the Ministry of Industry and Trade.
The Electricity of Viet Nam Group (EVN) reported that the price will inch up VND71.85 per kWh to VND 1,508.85 per kWh on average.
Under the new pricing scheme, the electricity price will range from VND993 per kWh (US$0.046) to VND 2,420 per kWh ($0.1142) for local households.
The electricity prices for the first 50kWh for poor and low-income households will still be capped at VND993 per kWh.
The electricity price is adjusted to partially offset its input cost increases due to higher coal and rising gas prices, said EVN.
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