Talking to PV. VietNamNet about the proposal to calculate the loss of more than 44,000 billion VND of Vietnam Electricity Group (EVN) into the average electricity price, expert Ha Dang Son - Center for Energy and Green Growth Research, said that the draft Decree amending and supplementing Decree 72 has clarified more about the types of costs included in the electricity price.

In particular, the additional item g1 includes costs directly serving the production and supply of electricity but previously not fully compensated in the retail price.

These costs are determined based on business results (after deducting profits from other activities, if any) and based on independently audited financial statements from 2022 onwards.

In addition, the draft includes the content of "unallocated revaluation exchange rate differences, exchange rate differences not yet recorded and paid to power plants according to the agreement in the power purchase contract" in item g2.

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According to expert Ha Dang Son, only reasonable costs should be allocated to the average retail electricity price. Photo: Hoang Giam

Expert Ha Dang Son said that it is appropriate to include unusual costs such as fuel price differences for power generation (which will increase from 2022 and cause losses due to electricity production costs being higher than retail prices) in electricity prices.

However, according to this expert, the audited financial reports for 2022, 2023 and 2024 published on the EVN website do not show details of the costs that make up the loss.

Therefore, there is a potential for inappropriate costs due to non-optimization of costs in the management, production, transmission and distribution of electricity.

"This will lead to unreasonable cost allocation in electricity prices and create negative public opinion towards this proposal," Mr. Ha Dang Son noted.

Therefore, before calculating the loss of more than VND 44,000 billion into the average electricity price, according to expert Ha Dang Son, it is necessary to require EVN to report in detail the costs constituting the loss and only approve the allocation of reasonable costs into the average retail electricity price, instead of approving the allocation of the entire loss according to the audited financial report.

Previously, VietNamNet reported that the Ministry of Industry and Trade had submitted a document to the Government on the Draft Decree amending and supplementing Decree 72/2025/ND-CP dated March 28, 2025 of the Government on the mechanism and time for adjusting the average retail electricity price.

Notably, in the submission to the Ministry of Industry and Trade, citing a report from the Vietnam Electricity Group (EVN), it is shown that due to the impact of the geopolitical situation, the high cost of purchasing electricity in the period of 2022-2023 has caused many difficulties for businesses, with an accumulated loss of about VND 50,029 billion. By the end of 2024, the accumulated loss of the parent company EVN will still be about VND 44,792 billion, reducing State investment capital and failing to preserve State capital in the enterprise.

Therefore, EVN recommends that the Minister of Industry and Trade report to the Prime Minister for permission to calculate this accumulated loss as a cost allowed to be included in the average retail electricity price.

In addition, other costs that have not been fully included in the electricity price are also proposed to be allocated, including costs directly serving electricity production and supply determined according to annual audited financial reports from 2022 onwards. EVN proposes an allocation plan, reports to the Ministry of Industry and Trade for consideration, and if necessary, consults with the Ministry of Finance.

In addition, there are also unrealized revaluation exchange rate differences and unpaid exchange rate differences for power plants under power purchase agreements.

Currently, the average retail electricity price is VND 2,204.07 per kWh (excluding VAT), after a 4.8% increase from May 10, 2025.

With a loss of more than 44,000 billion VND, EVN proposed to be included in the electricity price to reduce losses . By the end of 2024, the accumulated loss of parent company EVN will still be about 44,792 billion VND, reducing State investment capital and not preserving State capital in the enterprise. EVN proposed to be allowed to calculate this loss into the average electricity price.

Source: https://vietnamnet.vn/dua-so-lo-hon-44-000-ty-tinh-vao-gia-dien-chi-nen-chap-thuan-cac-chi-phi-hop-ly-2432974.html