Document serving the calculation of wholesale electricity price framework in Vietnam from December 30, 2024

Document serving the calculation of wholesale electricity price framework in Vietnam from December 30, 2024
Tran Thanh Rin

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.

Document serving the calculation of wholesale electricity price framework in Vietnam from December 30, 2024

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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