A two-part electricity tariff is a billing system where the total charge to a consumer is split into two distinct components, including a fixed fee for registered capacity and a variable charge based on the actual amount of energy consumed.
Deputy Prime Minister Bùi Thanh Sơn at a conference on Thursday asked strict penalties to be raised against developers of stagnant power projects to prevent setbacks from threating the national energy security.
Electricity pricing mechanism must properly reflect changes in input costs and be able to cover reasonable expenses as well as a fair margins to attract investment.
More than 3.2 million households across Việt Nam saw their August electricity bills rise by 30 per cent or more from July, but initial checks have not found any errors in billing, Việt Nam Electricity (EVN) said.
The Ministry of Industry and Trade stressed the need to review direct power purchase agreements and new energy mechanisms to ensure transparency, feasibility and support for Việt Nam’s renewable energy transition.
The Ministry of Industry and Trade has proposed adding previously unaccounted costs into retail electricity prices to help the Vietnam Electricity (EVN) to narrow losses and stabilise its finance.
In the most extreme case, electricity demand increases by more than 15 per cent, driven by breakthrough economic performance and widespread severe weather conditions.
Prime Minister Phạm Minh Chính has asked efforts and solutions to ensure adequate electricity supply in all circumstances as the country is entering its summer peak demand season, with anticipated record high consumption.