Electricity prices and assorted charges according to Vietnam’s current regulations

Specifically, according to Clause 15 Article 1 of the Amending Electricity Law 2012 amending and supplementing Article 31 of the Electricity Law 2004 of Vietnam, electricity prices and assorted charges are as follows:

1. The electricity retailing prices shall be elaborated by the electricity retailing unit based on the price frame of average electricity retail price, mechanism of adjustment of price and structure of the electricity retail price table prescribed by the Prime Minister in conformity with the level of development of the electricity market, except for the case specified in clause 2 Article 62 of the Electricity Law 2004 of Vietnam.

The Ministry of Industry and Trade shall assume the prime responsibility for, and coordinate with the Ministry of Finance to elaborate the price frame of the average electricity retail price, mechanism of adjustment of price and structure of the electricity retail price table and submit them to the Prime Minister for decision.

The adjustment of the electricity retail price must be implemented publicly, transparently regarding changes of component elements relating to adjustment of price. The State uses measures to stabilize the electricity sale price in conformity with provisions of law on price.

2. The brackets of electricity generation prices, electricity-wholesaling prices, electricity transmission prices, prices of auxiliary services for electrical system, charges for regulating the electric-system operation and charges for electricity market transaction administration shall be elaborated by the concerned electricity units and appraised by the electricity-regulating agency before they are submitted to the Minister of Industry and Trade, the Minister of Finance for approval under assignment of the Government, except for the case specified in clause 2 Article 62 of the Electricity Law 2004 of Vietnam.

The Ministry of Industry and Trade shall assume the prime responsibility for, and coordinate with the Ministry of Finance to guide methods to elaborate the brackets of electricity generation prices, electricity-wholesaling prices, electricity transmission prices, prices of auxiliary services for electrical system, charges for regulating the electric-system operation and charges for electricity market transaction administration.

3. The electricity-generating prices under the contracts of electricity purchase with a defined term, the electricity-wholesaling prices are implemented under agreements of electricity units but not exceed the frame of electricity generation prices, electricity-wholesaling prices have been approved.

4. The electricity prices for spot dealings shall be formulated at the time of transaction on the electricity markets and publicized by the electricity market transaction-administering units in accordance with the provisions of Points f and h of Clause 1, Article 21 of the Electricity Law 2004 of Vietnam.

View more details at the Amending Electricity Law 2012 of Vietnam, effective from July 01, 2013.

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