Ministry of Industry and Trade instructs on reducing power bills

The Ministry of Industry and Trade on April 16 officially sent Document No.2698 to guide the Departments of Industry and Trade of provinces and cities across the country and Electricity Vietnam on cutting power bills for businesses and households to help them cope with the COVID-19 pandemic.

Illustrative image (Photo: EVN)
Illustrative image (Photo: EVN)

Accordingly, this reduction will feature on household invoices in May, June and July.

Power bills will be reduced for households with consumption of less than 300kWh a month by 10%. The total estimated reduction would be around VND2.9 trillion (about US$123.1 million).

Households which use more than 300kWh a month willbe charged the current rate as they are high-income earners, less affected by COVID-19.

Producers and firms will also enjoy a 10% cut, which willcost an estimated VND6.1 trillion.

Hotels and restaurants will enjoy similar reductions at a cost of VND1.8 trillion.