Vietnam: What are the wholesale electricity prices in rural areas applied from November 9, 2023? What are the current regulations on wholesale electricity prices in rural areas?
What are the wholesale electricity prices in rural areas in Vietnam applied from November 9, 2023?
Pursuant to Decision 2941/QD-BCT 2023 on retail electricity prices and electricity prices applied to groups of electricity users and electricity retailers, effective from November 9, 2023.
The wholesale electricity prices in rural areas in Vietnam applied from November 9, 2023 shall follow Section 5 of the Appendix issued with Decision 2941/QD-BCT in 2023.
NO | Groups of customers | Electricity price (VND/kWh) |
5.1 | Wholesale electricity prices for domestic use | |
Level 1: 0 – 50 kWh | 1.506 | |
Level 2: 51 – 100 kWh | 1.566 | |
Level 3: 101 – 200 kWh | 1.704 | |
Level 4: 201 – 300 kWh | 2.112 | |
Level 5: 301 – 400 kWh | 2.392 | |
Level 6: 401 kWh or higher | 2.492 | |
5.2 | Wholesale electricity prices for other purposes | 1.577 |
Thus, the wholesale electricity prices in rural areas in Vietnam applied from November 9, 2023 shall follow the above table.
Which entities will wholesale electricity prices in rural areas in Vietnam be applied to?
Pursuant to the provisions of Article 12 of Circular 16/2014/TT-BCT amended by Clause 3, Article 1 of Circular 25/2018/TT-BCT as follows:
Wholesale price in rural areas
1. The wholesale electricity price in rural areas shall apply to electricity retailers to consumers in rural areas (except the cases prescribed in Article 13, Article 14 and Article 15 of the Circular No. 16/2014/TT-BCT and Clause 4 Article 1 hereof) for the amount of wholesale electricity measured by the summation meter installed at the electrical substation, regardless of the electrical substation installed by either the buyer or the seller
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Thus, the wholesale electricity price in rural areas shall apply to electricity retailers to consumers in rural areas for the amount of wholesale electricity measured by the summation meter installed at the electrical substation, regardless of the electrical substation installed by either the buyer or the seller
The wholesale electricity price in rural areas shall apply to:
- Electricity retailers to collective quarters and residential areas;
- Electricity retailers to commercial, service and domestic complexes;
- Electricity retailers to industrial parks;
- Electricity retailers to markets.
What are the current regulations on wholesale electricity prices in rural areas in Vietnam?
Pursuant to the provisions of Article 12 of Circular 16/2014/TT-BCT amended by Article 1 of Circular 09/2023/TT-BCT as follows:
Wholesale price in rural areas
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2. Wholesale price in rural areas
a) Wholesale price in rural areas is applied for amount of electricity used for domestic purpose by households that use the electricity in communes, hamlets, and villages purchased by retailers in rural areas from the general electric meter installed in a transformer station regardless of whom the transformer station belongs to or what voltage-level is;
b) Total amount of electricity with wholesale price for domestic purpose from the general electric meter shall be billed by amount of electricity of each level by the number of households behind such general electric meter;
c) Number of households that use electricity for domestic purpose behind the general electric meter is the number of households that have permanent residency register or long-term temporary residency register within scope of supply of the general electric meter and the limit of electricity specified in a power purchase agreement signed with retailers in rural areas;
Billing of wholesale price in rural areas in a month when changes to electricity price take place is done as follows: Amount of electricity of each level with old and new price being applied shall be determined by multiplying the amount of electricity of each level in a day by the actual number of days before and after price adjustment in that month. Amount of electricity of each level in a day is equal to the amount of electricity of each level divided by (:) actual number of days in the month of billing.
3. Wholesale price for purposes other than the abovementioned purposes shall be applied for amount of electricity used for non-domestic purposes;
4. Amount of electricity with the wholesale price for non-domestic purposes shall be determined by multiplying the total amount of commercial electricity used for other purposes measured at retail meters by coefficient 1.1.
5. Amount of electricity with wholesale price for domestic purpose in rural areas shall be determined by subtracting the amount of electricity used for other purposes from the total amount of electricity measured at the general electric meter.
6. Within three days since the recording of general electric meter readings starts, the retailer in rural areas must provide the followings to the wholesaler:
a) Enumeration of amount of commercial electricity used for other purposes;
b) Number of households using electricity after the general electric meter for domestic purpose with confirmations from legal representative of the retailer;
c) Residence information of households increased or decreased (if any).
After the aforesaid deadline, if the retailer fails to provide documents as mentioned above, the wholesaler is entitled to impose the wholesale price of electricity for domestic purpose at level 4 in the rural area (from 201-300kWh for the total amount of electricity measured by summation meter). The wholesaler is entitled to inspect and determine the actual number of electricity- consuming households connected to the summation meter according to residence information in the national database on population.
7. In case transformers in farms, plantations in rural areas supply electricity for domestic and other purposes, domestic electricity wholesale price shall be applied for the entire amount of electricity measured at general electric meter.
Thus, the current regulations on wholesale electricity prices in rural areas in Vietnam are specified above.
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