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Vietnam: The selling price of electricity of rooftop photovoltaic power projects is VND 2,086/kWh

09:00, 15/09/2017

This is a featured content of Circular No. 16/2017/TT-BCT of the Ministry of Industry and Trade of Vietnam on project development and model Power Purchase Agreements applied to solar power projects.

According to Circular No. 16/2017/TT-BCT of the Ministry of Industry and Trade of Vietnam, electricity pricing of rooftop photovoltaic (PV) power projects is specified as follows:

- The selling price of electricity at the place of electricity delivery (VAT exclusive) shall be VND 2,086/kWh (equivalent to U.S. cent 9.35/kWh, according to the central exchange rate of VND over USD quoted by the State Bank of Vietnam on April 10, 2017, which is VND 22,316/USD).

- The electricity price of the following year shall be adjusted according to the central exchange rate of VND over USD quoted by the State Bank of Vietnam on the last working day of the previous year.

If the amount of electricity generated from rooftop PV power projects is greater than the amount consumed, the excess amount shall be transferred to the next billing cycle.

At the end of year or the termination of the Power Purchase Agreement (PPA), the excess amount of generated electricity shall be sold to the buyer at the selling price specified above.

View details at Circular No. 16/2017/TT-BCT of the Ministry of Industry and Trade of Vietnam, effective from October 26, 2017.

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