The Hanoitimes – A senior executive of Ha Noi Vietnam Electricity Group (Hanoi EVN) revealed on Tuesday that Ha Noi may increase retail electricity prices by 5% from July 1 to compensate electricity production costs.
According to Vu Quang Hung, Deputy Chief Executive Officer, the Ministry of Industry and Trade unveiled the draft on electricity price hikes, stating that retail electricity prices of 220 kV to 110 kV voltage would be raised by 2-7% and the electricity prices for steel, iron, cement production would be 2-16% higher than prices of other manufacturing sectors.
The draft stipulates that electricity prices for civil consumption from 1-100 kwh would be 100% of the average price while that for 101-200 kwh would be 108% of the average price (currently, 106% of average price for using from 101-106 kwh and 134% of average price for using from 151-200 kwh), 138% from 201-300 kwh (currently 145%) and 154% from 301-400 kwh (currently 155%). From 401kwh up, the price would be 165% of average price (current price of 159%).
The latest electricity price hike was on Dec 22, 2012 with 5% increase to average retail electricity price of VND1,437/kwh.
By Thu H