Adjustment of average retail electricity prices effective from May 4, 2023.

Based on Decision No. 24/2017/QD-TTg dated June 30, 2017, of the Prime Minister stipulating the mechanism for adjusting the average retail electricity price, and based on document No. 304/BCT-DTDL 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 1,920.3732 VND/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 Power Company conducts drills to prevent and respond to power grid incidents. (Illustrative photo: Thanh Cuong)

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

Vietnam Electricity Group (EVN) respectfully announces this information to its electricity customers and hopes to continue receiving the support and cooperation of customers for the Group's production and business activities.