Electricity prices to be revised up following holiday: MOIT

The Ministry of Industry and Trade has allowed the Vietnam Electricity (EVN) to revise up electricity prices by a maximum of 3% following the April 30 - May 1 holiday.
Electricity prices to be revised up following holiday
Electricity prices to be revised up following holiday: Illustrative image (Photo: VNA)

On April 27, under a document signed by Deputy Minister of Industry and Trade Dang Hoan An, the adjustment of the average retail electricity prices in 2023 must comply with the regulations stated in the Prime Minister’s Decision dated June 30, 2017, on the mechanism for the work.

The Ministry asked the EVN to point out objective and subjective causes of its current financial situation, adopt drastic measures to reduce production and trade costs, including adopting advanced technology and digital transformation, and negotiate with investors and suppliers in the principles of harmonising interests and sharing risks.

It was also assigned to build a comprehensive communication plan to reach public consensus on price adjustment, raise public awareness of saving electricity, and launch a nationwide power saving movement.

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(Source: VNA)