EVN given power to raise electricity prices on quarterly basis
 |
| EVN will be allowed to adjust power prices once every quarter |
According to the ministry’s recent circular, any price adjustment should be made public.
State-owned Electricity of Vietnam (EVN) should check production costs that affect power prices 10 days prior to the end of every month.
EVN could be allowed to increase power price by a maximum of 5 per cent if power production costs rise. Any increase of over 5 per cent in prices must seek government approval.
If production costs decrease, EVN will be compelled to lower power prices by a maximum of 5 per cent.
The ministry has also given the nod to a power price stabilisation fund.
The government may use the fund to maintain power prices in urgent cases in order to prevent a negative impact to the country’s economy and living standards.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:
Related Contents
Latest News
More News
- Green-digital transition must start with proper mindset (November 13, 2024 | 16:49)
- New Zealand shares sustainable development experience with Vietnam (November 13, 2024 | 15:55)
- Vietnam on the verge of green industrial revolution (November 12, 2024 | 15:57)
- VIR sustainable development conference opens in Hanoi (November 12, 2024 | 09:42)
- Taking the lead in dual transition for a greener Vietnam (November 11, 2024 | 17:00)
- Vietnamese consumers careful amid economic volatility (November 11, 2024 | 13:55)
- Quality must come first in chip mission (November 11, 2024 | 10:33)
- Vietnam's digital economy estimated to reach $36 billion in 2024 (November 07, 2024 | 13:52)
- Authorities looks to tackle influx of cheap foreign goods (November 07, 2024 | 10:44)
- Trump claims 'magnificent' victory over Harris (November 06, 2024 | 16:55)
Mobile Version