From May 10, electricity price increased by 4.8%, to more than 2,200 VND/kWh

At the meeting to exchange information related to electricity management and assurance organized by Vietnam Electricity Group on the afternoon of May 9, in Hanoi , Mr. Nguyen Quoc Dung, Head of EVN Business Department, said that Vietnam Electricity Group issued Decision No. dated May 7, 2025 on adjusting the average retail electricity price.

Illustration photo.

Accordingly, the average retail electricity price will be VND 2,204.0655/kWh (excluding value added tax) from May 10, 2025.

Thus, this adjustment is equivalent to an increase of 4.8% compared to the current average retail electricity price.

On the same day, the Ministry of Industry and Trade issued Decision No. 1279 dated May 9, 2025 regulating electricity prices, including promulgating retail electricity prices for groups of electricity customers and average electricity prices for electricity retailers.

EVN representative informed that 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 dated April 7, 2014 of the Prime Minister .

Accordingly, poor households are supported with a monthly support level 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 are supported with a monthly support level equivalent to the amount of electricity used by 30 kWh/household/month according to the Government's policy.

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, which accounts for about 83% of the cost of electricity production.

In the context of power generation costs tending to increase 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 closely coordinate with the National Power System and Electricity Market Operation One Member Limited Liability Company to optimally operate the power system and electricity market to ensure safe and continuous power supply.

According to VnExpress

Source: https://baobacgiang.vn/tu-ngay-10-5-gia-dien-dieu-chinh-tang-4-8-len-hon-2-200-dong-kwh-postid417788.bbg