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Electricity prices to increase 5 per cent

Update: June, 30/2012 - 08:58

HA NOI — Electricity will be sold at an average price of 1,369 dong (6 US cents) per kWh from tomorrow, up 65 dong per kWh or 5 per cent over the current price, VAT not included.

This is in accordance with the Ministry of Industry and Trade's Circular No 17/2012/TT-BTC issued yesterday.

Prices of electricity for poor and low-income households will remain unchanged at 993 dong per kWh for levels up to 50kWh.

Electricity of Viet Nam said the price adjustment would not have a great impact on production and business activities or people's living standards. It estimated that a household using an average 100kWh per month would have to pay about VND4,200 more every month. Additional costs will be VND8,600 for those using 150kWh per month, VND14,050 for 200kWh, VND26,050 for 300kWh and VND38,950 for 400kWh.

EVN was expected to gain an additional turnover of VND3.71 trillion ($178.37 million) from electricity sales thanks to the price increase, as it would reach a commercial electricity output of 56.8 billion kWh during the remainder of this year, the ministry said.

The extra revenue would be used to compensate for a rise in the price of coal, which was used for electricity production, and several other costs, it said. — VNS

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