Vietnam: Adjusting regulations on retail price for domestic purpose

14:37, 20/09/2018

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 notable content is the regulation on retail price for domestic purpose in case tenants are students or workers (not a household).

Specifically, according to Circular No. 25/2018/TT-BCT of the Ministry of Industry and Trade of Vietnam, if a tenant enters into a lease agreement with a lease period of at least 12 months and has completed procedures for registration of temporary residence, the house owner or the tenant's representative shall enter into a power purchase agreement.

If the lease period is less than 12 months and the house owner fails to declare the number of occupants using electricity as regulated:

- The retail price of electricity for domestic purpose at level 3 (from 101 kWh to 200 kWh) shall apply to the total amount of electricity measured by the electric meter.

- The house owner shall complete procedures for declaration of the number of occupants using electricity in the house: Every four occupants shall be considered as a household for deciding the limit on amount of electricity. To be specific: 01 occupant, 02 occupants, 03 occupants and 04 occupants are regarded as 1/4 of a household, 1/2 of a household, 3/4 of a household and a household respectively.

Circular No. 25/2018/TT-BCT of the Ministry of Industry and Trade of Vietnam takes effect from October 26, 2018.

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