Ministry of Industry and Trade proposes to increase electricity prices

The Ministry of Industry and Trade has just proposed to continue adjusting electricity prices in 2024 to reflect fluctuations in input costs and help Vietnam Electricity Group (EVN) have resources to pay investors of power plants.

This proposal was made by the Ministry of Industry and Trade in the context that EVN's financial situation is still very difficult due to a loss of about VND 17,000 billion in 2023, despite two price adjustments.

According to Mr. Dang Hoang An, Chairman of EVN, the main reasons for the increase in electricity production costs are that fuel prices are still much higher than in previous years, the structure of power mobilization is unfavorable due to poor water situation in hydroelectric reservoirs, high electricity purchase costs in the electricity market, and increased payment costs compared to contracted electricity prices.

Mr. Nguyen Hoang Anh, Chairman of the State Capital Management Committee at Enterprises, also said that without increasing electricity prices, it is impossible to resolve EVN's accumulated losses.

PHUC VAN

Source: https://www.sggp.org.vn/bo-cong-thuong-kien-nghi-tang-gia-dien-post724523.html