Electricity prices increased by more than 8% from today
Each kWh of electricity will increase by nearly 144 VND, to an average of more than 1,864 VND, from today (March 20).
Share withVnExpress, a leader of the Ministry of Industry and Trade said that electricity prices will increase by 8.36% from today (March 20). Specifically, the average electricity price will increase from 1,720.65 VND to more than 1,864 VND per kWh (excluding VAT).
This decision has just been signed and takes effect from March 20. This increase has been approved in principle by the Government. Previously, the Government also met with the Ministry of Industry and Trade and relevant ministries and branches on the issue of increasing the price of gas sold to electricity.
"It will not be difficult to close the meter index of electricity consumers," he said.VnExpress.
Thus, after more than 2 years of restraint, the average retail electricity price was adjusted to increase.This afternoon, the Ministry of Industry and Trade will hold a press conference on this electricity price increase.
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Earlier in early March, the Ministry of Industry and Trade informed about the expected adjustment of electricity prices at the end of this month. According to him, there are currently many factors affecting electricity prices. Such as the source structure, in recent years the load growth has been about 10% per year while the speed of implementing power generation projects has been slow and to have enough electricity for production and consumption, the electricity industry has been forced to mobilize high-priced sources such as gas, coal, and diesel.
"If all input costs are taken into account, this adjustment should be close to 10%, but balancing macro factors, we choose an increase of 8.36%," said a Deputy Minister of Industry and Trade.
According to Decision 24 of the Prime Minister, electricity prices currently have many different frames and levels for each customer group.
Regarding the impact on growth and consumer price index, the Ministry of Industry and Trade and the General Statistics Office calculated that an 8.36% increase in electricity price will reduce GDP by 0.22%, and the consumer price index (CPI) will increase by 0.29%.