Electricity prices are one of the top concerns of Vietnamese people today. According to information from Vietnam Electricity Corporation (EVN), retail electricity prices for households and production and business have increased from December 20, 2022. However, the increase in Vietnam’s electricity prices also causes a lot of controversy and concern from people. Many people believe that increasing electricity prices will increase their living and production costs. Especially for low-income households, increasing electricity prices will affect their lives. This article gives you more information about Vietnam’s electricity prices as well as Vietnam’s electricity price compared to the world.
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Information about current electricity prices in Vietnam
Specifically, Vietnam’s electricity price TTTT for households using 0-100 kWh/month increased from 1,549 VND/kWh to 1,694 VND/kWh. For households using 101-200 kWh/month, the electricity price increased from 1,858 VND/kWh to 2,025 VND/kWh. Households using 201-400 kWh/month also have to pay higher electricity prices, from 2,340 VND/kWh to 2,546 VND/kWh. Particularly for households using over 400 kWh/month, the electricity price increased from 2,587 VND/kWh to 2,808 VND/kWh.
For production and business customers, electricity prices will also increase from December 20, 2022. Electricity price for small business and production customers using 0-300 kWh/month increased from 2,587 VND/kWh to 2,808 VND/kWh. Medium and large business and production customers using more than 300 kWh/month also have to pay higher electricity prices, from 2,503 VND/kWh to 2,717 VND/kWh.
According to EVN, the increase in electricity prices is implemented to ensure a stable electricity supply, meeting the electricity needs of people and production and business in the context of the cost of electricity production materials such as coal and gas. fuel oil… are increasing.
In this context, the government has also had policies to support people in using electricity more economically and effectively. Specifically, the government has applied a policy to reduce electricity prices for households using 51-100 kWh/month at a price of 1,864 VND/kWh. At the same time, the government also encourages people to use energy-saving electrical equipment to reduce electricity costs. In short, Vietnam’s current electricity prices have increased and caused a lot of controversy and concern from people.
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Vietnam’s electricity price compared to the world in 2023
In 2023, Vietnam’s electricity price compared to the world is still in the process of adjustment and stabilization. However, electricity prices in Vietnam are still lower than many other countries in the world.
According to a report by Vietnam Electricity Corporation, electricity prices in Vietnam are calculated based on the retail electricity price for domestic use from 1,864 VND/kWh to 2,701 VND/kWh, depending on the customer’s electricity usage. Meanwhile, the average electricity price in Asian countries such as Japan, Korea, Singapore, Malaysia, Thailand, Philippines… are much higher than Vietnam, ranging from 4,000 to 7,000 VND/kWh .
However, compared to European countries and the US, electricity prices in Vietnam are still much lower. For example, the current average electricity price in the US is about 12,000 VND/kWh, in the UK it is about 10,000 VND/kWh, in France it is about 9,000 VND/kWh.
It can be seen that electricity prices in Vietnam compared to the world are still quite low. However, adjusting electricity prices to suit the economic situation and ensure the stability of the electricity industry is necessary. Without this adjustment, it will cause waste of electricity and not ensure electricity supply for people and businesses in the future.
Therefore, the Vietnamese government is adjusting electricity prices in the direction of gradually increasing prices to ensure the sustainability of the electricity industry and at the same time not cause too great an impact on people and businesses. These electricity price adjustment measures are implemented based on economic and social research and assessment, ensuring fairness and efficiency in electricity use.
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