What are regulations on wholesale price in commercial, service and domestic complexes in Vietnam?

What are regulations on wholesale price in commercial, service and domestic complexes in Vietnam? - Image from Internet

The regulations on wholesale price in commercial, service and domestic complexes in Vietnam are stipulated underArticle 14 of the Circular 16/2014/TT-BCT by the Ministry of Industry and Trade, regulates price of electricity, as follows:

Article 14. Wholesale price in commercial, service and domestic complexes

1. Wholesale price in commercial, service and domestic complexes shall be applied to retailers in apartment buildings, urban zones, shopping mall; office buildings for rent (regardless of whether geographical positions of the commercial, service and domestic complexes are in rural or urban areas).

2. Wholesale price in commercial, service and domestic complexes

a) Wholesale price of electricity in commercial, service and domestic complexes shall be applied with respect to the amount of electricity used for domestic purpose by households purchased by retailers from the general electric meter installed in a transformer station regardless of what voltage-level is;

b) Total amount of electricity at the general electric meter shall be billed by multiplying the amount of each level by the number of households using electricity for domestic purpose after such general electric meter;

c) Number of households that use electricity for domestic purpose behind the general electric meter in commercial, service, and domestic complexes is the number of households that have permanent residency registers or long-term temporary residency registers 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;

d) Billing of amount of electricity based on the wholesale price in commercial, service and domestic complexes in a month when changes to electricity price take place is done as follows: The amount of electricity of each level with old and new price applied shall be billed by multiplying amount of electricity 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 determined by dividing the amount of electricity of each level by the actual number of days in the month of billing.

3. Wholesale price for other purposes in commercial, service and domestic complexes shall be applied according to the three-rate meter (as defined in Article 5 hereof) with respect to the amount of electricity used for non-domestic purpose regardless of what voltage-level is.

4. Billing of amount of electricity from the general electric meter shall be done as follows:

a) Both the seller and buyer in reliance on real-life usage shall carry out negotiations on application of prices for domestic or non-domestic purposes as the basis for application of price at the general electric meter;

b) In case the commercial, service and domestic complexes have their own meter for domestic and non-domestic electricity behind the general electric meter, the billing of amount of electricity used for domestic and non-domestic purposes shall be based on their own meter installed behind the general electric meter;

a) In case the commercial, service and domestic complexes do not use electricity for domestic purpose, the wholesale price for other purposes shall be applied for the entire amount of electricity measured from the general electric meter;

5. Within three days since the recording of general electric meter readings, retailers must provide the followings to the wholesaler:

a) Enumeration of amount of commercial electricity used for other purposes;

b) Number of households using electricity behind the general electric meter for domestic purpose with confirmations from legal representative of electricity retailer;

c) List of increase or decrease (if any) in the number of households confirmed by police authorities of communes;

After this period, if the retailer fails to provide the documents mentioned above, the wholesaler is permitted to impose the wholesale price for other purposes on the entire amount of electricity measured from the general electric meter).

Above are regulations on wholesale price in commercial, service and domestic complexes in Vietnam. Please refer to the Circular 16/2014/TT-BCT for further information.

Best regards!