From May 10, average retail electricity price adjustment

Regarding the power source structure in 2025, low-cost hydropower sources can only provide 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 system's additional power output, it is basically necessary to mobilize from high-cost power sources such as: oil-fired thermal power, liquefied natural gas (LNG) turbine thermal power and imported coal-fired thermal power. In addition, in recent times, the foreign exchange rate (USD) has been unpredictable and increasing. This affects the cost of power generation, accounting for about 83% of the cost of electricity production.

From May 10, 2025, the average electricity price will be adjusted to VND 2,204/kWh (excluding value added tax).

In the context of rising power generation costs in recent years, EVN and its member units have drastically implemented cost reduction and savings with the requirement that by 2025, regular and major repair costs must be saved at least 10% and that they closely coordinate with the National Power System and Electricity Market Operation Company Limited to optimally operate the power system and electricity market to ensure safe and continuous power supply.

Pursuant to the provisions of the Electricity Law No. 61/2024/QH15 dated November 30, 2024, Decree No. 72/2025/ND-CP dated March 28, 2025 of the Government stipulating the mechanism and time for adjusting the average retail electricity price and Circular No. 22/2025/TT-BCT dated April 26, 2025 of the Ministry of Industry and Trade stipulating the calculation of the average retail electricity price, with the spirit of minimizing the impact on the economy and people's lives and carefully assessing, in accordance with the practical situation, Vietnam Electricity Group has 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 VND 2,204.0655/kWh (excluding value added tax) from the date of adjustment. 10-5-2025. This adjustment is equivalent to an increase of 4.8% compared to the current average retail electricity price.

The Ministry of Industry and Trade also issued Decision No. 1279/QD-BCT dated May 9, 2025 regulating electricity prices, including promulgating retail electricity prices for groups of electricity customers and retail electricity prices for electricity retailers.

Basically, this electricity price adjustment will ensure that poor households and policy families are not affected significantly. Poor households and social policy households will continue to receive support according to the provisions of Decision No. 28/2014/QD-TTg dated April 7, 2014 of the Prime Minister . In particular, poor households will receive monthly support equivalent to the amount of electricity used by 30 kWh/household/month, social policy households with the amount of electricity used not exceeding 50 kWh/month will receive monthly support equivalent to the amount of electricity used by 30 kWh/household/month according to the Government's policy.

Vietnam Electricity Group respectfully informs customers using electricity and EVN hopes to continue receiving the sharing and support of customers for the Group's production and business activities.

CONTACT INFORMATION:

Communications Department - Vietnam Electricity Group;

Address: No. 11 Cua Bac Street, Truc Bach Ward, Ba Dinh District - Hanoi ;

Email: [email protected] Phone: 024.66946405/66946413;

Website: www.evn.com.vn, www.tietkiemnangluong.vn

Fanpage: www.facebook.com/evndienlucvietnam

Youtube: https://www.youtube.com/cDELECTRIC VIETNAM_EVNnes Tiktok channel: https://www.tiktok.com/@dienlucvn

Minh Duy

Source: https://baobinhduong.vn/tu-ngay-10-5-dieu-chinh-gia-ban-le-dien-binh-quan-a346686.html