Power Prices Stay The Same

Posted on OCTOBER 30, 2012 Written by VIETNAMNEWS 

HA NOI (VNS)- Electricity prices did not rise in October and will not rise in November as planned, Dang Huy Cuong, head of the Electricity Regulating Department said yesterday.

Cuong said this was decided after the department found out that production expenses during the past three months were lower than calculated.

Power production in October was about 9.9 billion kWh, an increase of 11.8 per cent compared with last year.

In the 10 months of the year to date, productivity was about 95.6 billion kWh, an increase of 13.8 per cent compared with the same period last year.

Demand for power next year is forecast to be 13 per cent higher than this year. To meet the demand, Electricity Vietnam plans to open six more turbines.

The Prime Minister Nguyen Tan Dung will decide whether to go ahead with hydro power projects 6 and 6A, which were criticised for changing the natural water flow in the southern Dong Nai River.

Nguyen Khac Tho, Deputy Head of the ministry of Trade’s Power Department, said the postponement of the projects was to assess their effects on the environment. He said hydro-power plants were necessary because supplies of fossil fuel were shrinking.

“Nevertheless, we are determined to eradicate plants that are ineffective and harmful to the environment,” Tho said.

The ministry is now assessing hydro power plants across the country to consider the benefits and side effects on forests, use of land, residential relocation and safety.

Asked why retail prices of petrol did not fall in line with world prices, Nguyen Xuan Chien, deputy head of the ministry’s Domestic Market Department, said the current price was subsidised.

And the world price did not fell constantly, but fluctuated daily, Chien said . – VNS

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