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The Ministry of Industry and Trade approved the electricity generation price framework for 2023. (Source: Ministry of Industry and Trade) |
Electricity generation price frame in 2023
The 2023 electricity price framework applies to negotiating electricity purchase and sale contract prices of power plants as prescribed in Point a, Clause 2, Article 1 of Circular 57/2014/TT-BCT dated December 19, 2014 of the Minister of Industry and Trade stipulating the method and procedures for developing and promulgating the electricity price framework as follows:
(1) The electricity generation price range for coal-fired thermal power plants is 0 - 1,559.70 VND/kWh (excluding value added tax).
In there:
- The ceiling price of the electricity generation price frame applied to coal-fired thermal power plants (excluding value added tax) is determined to have a maximum price of VND 1,559.70/kWh.
- Parameters used to calculate the ceiling price of the electricity generation price frame applicable to coal-fired thermal power plants in 2023 include:
+ Net capacity is 2x600 MW;
+ Net heat loss rate at 85% load is 2,411.39 kcal/kWh;
+ Coal calorific value (HHV) is 5,280 kcal/kg; Coal price (excluding value added tax and transportation costs) is 1,808,000 VND/ton;
+ Exchange rate 24,885 VND/USD.
(2) The electricity generation price range for hydropower plants is 0 - 1,110 VND/kWh (excluding water resource tax, forest environmental service fee, water resource exploitation right fee and value added tax).
Accordingly, the annual approved electricity price framework is the basis for Vietnam Electricity Group and power generation units to negotiate electricity purchase and sale prices on the basis of compliance with legal regulations on methods for determining electricity generation prices issued by the Ministry of Industry and Trade and managing construction investment costs in accordance with legal regulations on construction.
Decision 2503/QD-BCT takes effect from September 28, 2023.
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