Legal Counselling

Electricity sale price in rural, mountainous, border and island areas of Vietnam

16:21, 11/11/2013

The Law on amending and supplementing a number of articles of the Electricity Law 2012 of Vietnam was issued on November 20, 2012. One of the amendments and supplements is the regulation on electricity sale price in rural, mountainous, border and island areas.

Specifically, according to Clause 22 Article 1 of the Amending Electricity Law 2012 amending and supplementing Article 62 of the Electricity Law 2004 of Vietnam, the electricity sale price in rural, mountainous, border and island areas is prescribed as follows:

- The electricity sale prices in rural, mountainous, border and island areas which connect with the national Power grids, are implemented as prescribed in Article 31 of the Electricity Law 2004 of Vietnam.

- The electricity sale prices in rural, mountainous, border and island areas which having not yet connected with the national Power grids, are implemented as follows:

+ The electricity retail prices for living purpose are elaborated by the relevant electricity units, being decided by the provincial People’s Committees in conformity with the mechanism on electricity retail price support for living purpose at this area,having been prescribed by the Prime Minister;

+ Other electricity prices are elaborated by the relevant electricity units, being decided by the provincial People’s Committees under the principle of assurance of helping electricity units cover full costs, attain reasonable profit for electricity units on the basis of consultancy of the electricity regulation agency.

View more details at the Amending Electricity Law 2012 of Vietnam effective from July 01, 2013 amending and supplementing a number of articles of the Electricity Law 2004.

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