On November 15, 2024, the Minister of Industry and Trade of Vietnam issued Circular 26/2024/TT-BCT stipulating the method for establishing the framework for wholesale electricity prices.
The documents for calculating the wholesale electricity price framework in Vietnam from December 30, 2024 include:
- Explanatory memorandum for constructing the wholesale electricity price framework for year N.
- Explanations and calculation tables for the wholesale electricity price framework for year N, including:
+ A report evaluating the implementation status of commercial electricity output indices, electricity loss rate, revenue realization status, costs in year N-1, profits, and equity as of December 31 (or September 30 in case data as of December 31 are not available) of year N-1.
+ Explanation and calculation of cost components and profit of Electricity Corporation i;
+ Explanation and calculation of major repair costs, material costs, outsourcing service costs, other cash expenses, customer development costs, customer care and communication costs, and meter costs.
+ Explanation and calculation tables of electricity purchase costs from the power market of Electricity Corporation i for year N.
- Explanation and calculation tables for taxes and fees of power plants contracting directly with Electricity Corporation for year N, including:
+ An explanation of environmental protection costs for industrial wastewater, environmental protection fees for cooling water, resource taxes, water resource exploitation fees, forest environment services, and other related costs;
+ Calculation tables for distributing taxes and fees of power plants contracting directly with Electricity Corporation for year N.
- Attached documents, including:
+ The audited financial report for year N-2 conducted by an independent auditing agency: Balance sheet, income statement, cash flow statement, explanatory notes;
+ Standards for cost components used in the dossier approved by the competent authority.
More details can be found in Circular 26/2024/TT-BCT, effective from December 30, 2024.
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