Electricity generation price range of transitional solar and wind power plants in Vietnam (latest)

14:37, 12/01/2023

The Ministry of Industry and Trade issued Decision 21/QD-BCT dated January 7, 2023 on the electricity generation price range of solar power plants and transitional wind power plants in Vietnam.

Electricity generation price range of transitional solar and wind power plants in Vietnam (latest) (Internet image)

Promulgate the electricity generation price range of transitional solar and wind power plants specified in Point b of Clause 2, Article 1 of Circular 15/2022/TT-BCT.

Based on the electricity generation price range specified below, Vietnam Electricity Group and the solar and wind power generation unit specified in Point b, Clause 2, Article 1 of Circular 15/2022/TT-BCT agree on an electricity generation price according to regulations.

Electricity generation price range of transitional solar and wind power plants (latest)

The ceiling price (highest price) of the electricity generation price range (excluding value-added tax) applied to transitional solar and wind power plants is as follows:

No	Type	Ceiling price (VND/kWh)
1	Ground-mounted solar power plant	1,184.90
2	Floating solar power plant	1,508.27
3	Inland wind power plant	1,587.12
4	Wind power plant at sea	1,815.95

Parameters used to calculate electricity generation price range in Vietnam

The parameters used to calculate the electricity generation price range are specified in the Appendix attached to Circular 15/2022/TT-BCT, specifically:

- Parameter table used in calculating electricity generation prices of standard solar power plants and standard wind power plants

No	Category	Symbol	Parameter
I	Economic life
1	Standard solar power plant	nMT _	20 years
2	Standard wind power plant	nG _	20 years
II	Operating parameters
1	The standard distribution coefficient corresponding to the expected average delivered power for many years is 75% of the standard wind power plant.	k pb ,P75	0.674
III	Ratio of fixed operating and maintenance costs in investment rate (%)
1	Floating solar power plant	kMT _	1.5%
2	Ground-mounted solar power plant	kMT _	1.8%
3	Inland wind power plant	kG _	2.0%
4	Wind power plant at sea	kG _	1.8%
IV	Proportion of capital sources in total investment capital of standard solar and wind power plants (%)
1	Loan capital ratio	D	70 %
2	Owner's capital contribution ratio	E	30 %
V	Average debt repayment period (years)	nD _	10 years

- Main parameter table of standard solar power plant, standard wind power plant in calculating electricity generation price range

No	Content	Symbol	Unit
I	Construction investment capital costs are converted annually	TC MT,G FOMC	copper
1	Power plant investment rate	Phone number MT ,G	VND/kWp or VND/kW
2	Installed capacity of power plant	P MT , P G	kWp, kW
II	Economic life	n MT , n G	Year
III	Average annual electricity at the delivery point	E bq	kWh
1	Operating parameters (to calculate average annual delivered electricity)
IV	Financial discount rate	i	%
1	Foreign currency loan ratio	DF _	%
2	Local currency loan rate	D D	%
3	Interest rates on foreign currency loans	r d ,F	%
4	Local currency loan interest rate	r d ,D	%
5	Pre-tax profit margin	r e	%
5.1	After-tax profit ratio on owner's capital contribution	r e , pt	%
5.2	Average corporate income tax rate in economic life	t	%
A	Average fixed price	FC	VND/kWh
	Total fixed operating and maintenance costs	TC FOMC	copper
B	Fixed operating and maintenance prices	FOMC	VND/kWh
C	Electricity generation price (A+B)	P C	VND/kWh

Rules for developing electricity generation price range in Vietnam

Article 3 of Circular 15/2022/TT-BCT stipulates the rules for developing electricity generation price range in Vietnam as follows:

- Electricity generation price range of ground-mounted solar power plants, floating solar power plants, onshore wind power plants, and offshore wind power plants refers to prices from the minimum value (0 VND/kWh) to the maximum value.

- The maximum value applicable to solar power plants shall be electricity generation price of the standard solar power plant determined using methods under Article 4, Article 5, and Article 6 of Circular 15/2022/TT-BCT.

- The maximum value applicable to wind power plants shall be electricity generation price of the standard wind power plant determined using methods under Article 7, Article 8, and Article 9 of Circular 15/2022/TT-BCT.

Decision 21/QD-BCT takes effect from the date of signing.

Nhu Mai

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