Ministry issues wholesale electricity price 2017

The Ministry of Industry and Trade on Monday said that it has approved average wholesale electricity prices applied by the country’s largest power company Vietnam Electricity (EVN) to power corporations in 2017.

A worker at Ben Thanh 110kV transmission station (Illustrative photo: SGGP)

A worker at Ben Thanh 110kV transmission station (Illustrative photo: SGGP)

The price must swing from VND1,117-1,551 per kWh. EVN is responsible for specifying the wholesale price for each corporation according to current regulations.
In necessary cases, the price frame will be adjusted to suit fluctuations in electricity production and trading cost, revenue and profit norm of power corporations. EVN will calculate the adjustment and report to the Ministry of Industry and Trade for consideration and approval.
The new wholesale electricity price frame is applied from January 1 to December 31, 2017.

By VAN PHUC – Translated by Hai Mien

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