Vietnam To Increase Power Prices By End Of 2013: EVN

By StoxPlus, August 6th, 2013

Vietnam will not adjust up electricity from now to end of 2013, the VOV News reported, citing Dinh Quang Tri, Deputy Chief Executive Officer (CEO) of Vietnam Electricity Group (EVN) as saying.

On July 1, 2013, Vietnam raised retailed electricity prices by 5%.  Accordingly, the retailed electricity prices will be added by VND71.5/Kwh to VND1,508. 85/Kwh. This price is Value Added Tax (VAT) excluded.

This time electricity price hike is to partially offset its input cost increases due to higher coal and rising gas prices, said EVN.

This is 7th time of electricity price hikes since 2009, according to data compiled by StoxPlus.

In 2012, Vietnam raised electricity 2 times, each with 5%.

The recent electricity price hikes:

 

Time

 

Increase (%)

 

Lowest Rate (VND/Kwh)

 

Highest Rate (VND/Kwh)

August 1, 2013

5%

933

2,420

December 22,

2012

5%

933

2,307

July 1, 2012

5%

933

2,192

December 20,

2011

5%

933

2,060

March 1, 2011

15.3%

933

1,974

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