Prime Minister directs clarification of electricity price increase

The Government Office has just sent a document to the relevant ministries regarding the adjustment of retail electricity prices from March 20. Accordingly, Prime Minister Nguyen Xuan Phuc requested the Government Inspectorate to preside over and coordinate with the Ministry of Industry and Trade and the Ministry of Finance to inspect the adjustment of electricity prices, price calculation methods and electricity collection in the past. These agencies are responsible for clarifying the right and wrong of the electricity price increase and reporting to the Prime Minister in June 2019.

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The Prime Minister's decision came after complaints about the sudden increase in electricity bills in April due to the average retail electricity price increasing by 8.36% from March 20.

Many consumers were surprised to receive a sudden increase in their April electricity bill compared to March. Explaining this phenomenon, the electricity industry gave three reasons: hot weather, increased electricity consumption by households, and partly due to an increase in retail electricity prices.