Electricity price increase 4.8% to more than 2.2 thousand VND/kWh from tomorrow, May 10

Electricity prices will increase by an average of 4.8% from tomorrow, May 10. Illustration photo: Hoang Loc

According to this unit, in 2025, the growth rate of commercial electricity is expected to be about 12.2%, the total electricity output of the entire system in 2025 will increase by about 33.6 billion kWh compared to 2024.

Regarding the power source structure in 2025, low-cost hydropower sources can only supply about 25% of the total system output; the remaining 75% of the system output is provided by high-cost power sources such as coal, gas, oil, renewable energy, etc. For the additional power output of the system, it is basically necessary to mobilize from high-cost power sources such as oil-fired thermal power sources, liquefied natural gas (LNG) turbine thermal power sources and imported coal-fired thermal power sources. This affects the cost of power generation, which accounts for about 83% of the cost of electricity production.

With the spirit of minimizing the impact on the economy and people's lives and carefully assessing the practical situation, EVN issued Decision No. 599/QD-EVN dated May 7, 2025 on adjusting the average retail electricity price, accordingly, the average retail electricity price after adjustment is more than 2.2 thousand VND/kWh (excluding value added tax) from May 10. This adjustment is equivalent to an increase of 4.8% compared to the current average retail electricity price.

Hoang Loc

Source: https://baodongnai.com.vn/kinh-te/202505/tang-gia-dien-48-len-hon22-ngandongkwh-tu-ngay-mai-10-5-f974159/