Adjusting average retail electricity price from May 4, 2023

Pursuant to Decision No. 24/2017/QD-TTg dated June 30, 2017 of the Prime Minister regulating the mechanism for adjusting the average retail electricity price, Pursuant to Document No. 304/BCT-DTĐL dated April 27, 2023 of the Ministry of Industry and Trade, Vietnam Electricity Group (EVN) issued Decision No. 377/QD-EVN dated April 27, 2023 on adjusting the average retail electricity price, accordingly the average retail electricity price is VND 1,920.3732/kWh (excluding value added tax) from May 4, 2023. This adjustment is equivalent to a 3% increase compared to the current average retail electricity price.

Nghe An Electricity Company conducts a drill to prevent power grid incidents. Illustration photo: Thanh Cuong

Previously, on March 31, 2023, the Ministry of Industry and Trade announced the results of the inspection of EVN's electricity production and business costs in 2021 and 2022 according to the provisions of Decision No. 24/2017/QD-TTg. The results of the inspection of EVN's electricity production and business costs in 2021 and 2022 showed that the cost of electricity production and business in 2022 was VND 2,032.26/kWh, an increase of 9.27% ​​compared to 2021.

Vietnam Electricity Group respectfully informs customers using electricity and EVN hopes to continue receiving the sharing and support of customers for the Group's production and business activities.