Wholesale price of electricity in markets in Vietnam according to Circular No. 25/2018/TT-BCT
On September 12, 2018, the Ministry of Industry and Trade of Vietnam issued Circular No. 25/2018/TT-BCT amending and supplementing Circular No. 16/2014/TT-BCT on electricity prices, of which a featured content is the supplement to regulations on wholesale price of electricity in markets.
Article table of contents
Specifically, according to Clause 4 Article 1 of Circular No. 25/2018/TT-BCT of the Ministry of Industry and Trade of Vietnam supplementing Article 15a following Article 15 of Circular No. 16/2014/TT-BCT, the wholesale price of electricity in markets shall apply to retailers of electricity to consumers in markets in accordance with the criteria set forth in Decree No. 02/2003/NĐ-CP and Decree No. 114/2009/NĐ-CP of Vietnam’s Government (regardless of geographic locations of the market).
Retailers of electricity in markets are not eligible for application of voltage-level based electricity price as regulated in Article 4 of Circular No. 16/2014/TT-BCT and “time of day" based electricity price as regulated in Article 5 of Circular No. 16/2014/TT-BCT.
The wholesale price of electricity in markets shall be the retail price of electricity for business in normal hours at a voltage level of less than 6 kV as regulated by Article 8 of Circular No. 16/2014/TT-BCT, deducting 10.6%
View more contents at: Circular No. 25/2018/TT-BCT of the Ministry of Industry and Trade of Vietnam takes effect from October 26, 2018, amending and supplementing Circular No. 16/2014/TT-BCT.
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