Annual average electricity pricing planning documentation of Vietnam Electricity as of May 15, 2024

Annual average electricity pricing planning documentation of Vietnam Electricity as of May 15, 2024
Nguyen Thi Diem My

On March 26, 2024, the Prime Minister issued Decision 05/2024/QD-TTg on prescribing mechanism for adjustment of average retail electricity prices in Vietnam.

Annual average electricity pricing planning documentation of Vietnam Electricity as of May 15, 2024

Annual average electricity pricing planning documentation of EVN consists of:

- An Official Dispatch on the annual average electricity pricing planning documentation of EVN, including analysis and assessment of electricity production and business costs in all phases;

- Details of the Official Dispatch on the annual average electricity pricing planning documentation of EVN encompass principles of calculating cost of each phase (electricity generation, transmission, distribution - retail, load dispatching, regulation of electricity market transactions, administration), including the

+ Principle of anticipating such input parameters as foreign exchange rates, domestic fuel prices and imported fuel prices, prices of power plants expected to be put into operation in the year of calculation but in the presence of a power purchase agreement;

+ Table of summary of costs of each phase; table of detailed calculations of each phase;

+ Documents used as a basis for the calculation;

+ Description of cost norms and unit prices used to calculate estimated costs of the year n of each phase (if any);

+ Description of electricity production and business costs that have not been included in the electricity price but have been included in the electricity production price and the remaining balance expected to be included in the average electricity price in the year n;

+ Report on assessment of impacts of electricity price adjustment on payments for electricity purchase of electricity users.

- Average electricity pricing planning documentation shall be stored in a data storage device sent together with the report on annual electricity pricing planning documentation of EVN.

More details can be found in Decision 05/2024/QD-TTg taking effect on May 15, 2024 and replacing Decision 24/2017/QD-TTg dated June 30, 2017.

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