Energy price to increase (21/02)
21/02/2011 - 11 Lượt xem
The power price will rise to VND1,220 per kwh from the current price of VND1,058 per kwh. The new price will be applicable from March 1.
The new price increase has been lower than expected by the ministry and the Electricity of Vietnam.
However, it still is the highest hike ever. In 2009 and 2010, the electricity prices rose by 6.8 per cent and 8.92 per cent respectively.
Other than raising the power price, the government has brought out policies to assist the poor and low-income people. According to experts and management organisations, the electricity price was unavoidable due to the higher cost of coal and gas whilst hydropower supply has greatly reduced.
The increase in power price will help the electricity industry to mobilise and call for investments or loans for its projects as the demand for power rises.
Source: VIR
