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- The new electricity price increased by 4.8%, is that a lot or a little?

- For businesses, rising costs certainly put more pressure on operations. Because rising costs will cause the output price of products to skyrocket. Manufacturing businesses will be affected more than service businesses. In the context of fierce competition, more expensive products make businesses more stressed. Increasing selling prices is clearly always the last resort.

- So is there any way to remove it?

- Many business leaders immediately had to make decisions to deal with the rising electricity prices. They immediately cut costs that could still be cut. Some businesses planned to change working hours to produce during off-peak hours. The advantage of this option is that the electricity price is nearly 2/3 lower than during peak hours. The group of businesses with deep investment capacity will switch to using high technology to use less electricity. But no matter what choice is made, it will affect profits or the welfare of workers.

- The more you work, the more you shrink, which is definitely not what businesses aim for. Why does the electricity industry, which also includes businesses, often make losses?

- This is something that is hard for anyone outside the electricity industry to answer clearly. Only with healthy competition in electricity production and transmission can the price structure change and escape the long-term loss. For businesses and consumers, the only way left now is to persevere.

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Source: https://www.sggp.org.vn/rang-gong-post795599.html