Proposing an electricity pricing mechanism to regulate usage behavior

The General Director of EVN Group proposed applying a mechanism to calculate electricity prices based on the time of mobilization or steps to adjust the electricity usage behavior of households.

Deputy Prime Minister Tran Hong Ha chaired a meeting to listen to reports and give opinions on the draft Law on Electricity (amended). Photo: Minh Khoi

On July 15, at the Government Office, Deputy Prime Minister Tran Hong Ha chaired a meeting on the draft Electricity Law (amended). According to the Government Office , at the meeting, Deputy Minister of Planning and Investment Do Thanh Trung said that the revised Electricity Law must solve two important problems: bidding, investor selection and electricity prices. General Director of Vietnam Electricity Group Nguyen Anh Tuan proposed unifying regulations on bidding to select investors for power source development projects according to principles and criteria on electricity prices; policies on converting fossil fuel power sources to low-emission fuel sources or renewable energy; applying a mechanism for calculating electricity prices based on the time of mobilization or steps to adjust the electricity usage behavior of households.

Solving the problem of bidding, selecting investors and electricity prices. Photo: Minh Khoi

Concluding the meeting, Deputy Prime Minister Tran Hong Ha requested the Ministry of Industry and Trade to review resolutions, documents, and directives of the Party, the National Assembly, the Government, and the Prime Minister, and synthesize them into groups of policies related to electricity development. The Ministry of Industry and Trade fully received the comments, pointed out the shortcomings, obstacles, and difficulties in the electricity sector for businesses, people, state management agencies, legal regulations, etc. in response to the need to ensure energy security for the economy. At the same time, the Deputy Prime Minister also noted the implementation of international commitments on reducing greenhouse gas emissions, converting from fossil energy to renewable energy and clean energy. The revised Electricity Law needs to address the relationship between market economy and socialist orientation in the direction of separating state management from business and electricity production. At the same time, create a legal corridor for renewable energy and research activities, receiving and transferring new energy technologies; Developing and exporting offshore wind power, producing green fuels such as green hydrogen, green ammonia. The first is the largest, most important, and most difficult group of policies, which is developing the electricity market according to the market economy, competition, and transparency from the selection of investors in power projects to the method of calculating electricity prices sold to users. The second is the group of policies to convert fossil energy sources to renewable energy and new energy; reduce negative impacts in the energy transition process on businesses, people, and the economy. The third is the group of policies related to research, transfer, mastery, development, application of science and technology, digital transformation for the electricity industry; forming industrial centers for renewable energy and offshore wind power. In addition, the Deputy Prime Minister also noted that the Ministry of Industry and Trade should pay attention to policies on efficient use, energy saving, and environmental protection; the strategy to develop Vietnam into an energy center of the region and the world. At the same time, pay attention to the role of the State in ensuring system safety, encouraging the development of base electricity (electricity storage batteries, pumped storage hydropower, safe nuclear power) to increase the rate of mobilization of renewable energy and new energy. Source: https://laodong.vn/thoi-su/de-xuat-co-che-tinh-gia-dien-de-dieu-chinh-hanh-vi-su-dung-1366451.ldo