MoIT proposes five-tiered electricity price system
VGP - The Ministry of Industry and Trade has recently suggested five electricity price levels instead of six at present.
July 07, 2023 11:14 PM GMT+7
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The ministry is collecting public comments on the proposal.
The consultant preferred a 5-level solution.
Level 1: first 100 kwh
Level 2: 101-200 kwh
Level 3: 201-400 kwh
Level 4: 401-700 kwh
Level 5: 701 and more.
The proposal is expected to minimize changes in electricity bills among different seasons and enable energy savings.
Poor households and families of social beneficiaries get price subsidy for their first 30 kWH of electricity consumption in the first level.
Earlier, on May 4, the ministry raised the average electricity retail price from VND 1,864.44 per kWh to VND 1,920.37 (excluding value-added tax).
Accordingly, retail electricity prices for domestic use are stipulated in the following table:
| Retail electricity prices | Level | prices |
|---|---|---|
| Level 1: 0 - 50 kWh | VND 1,728 | |
| Level 2: 51 - 100 kWh | VND 1,786 | |
| Level 3: 101 - 200 kWh | VND 2,074 | |
| Level 4: 201 - 300 kWh | VND 2,612 | |
| Level 5: 301 - 400 kWh | VND 2,919 | |
| Level 6: 401 kWh or higher | VND 3,015 |
