Vietnam hikes electricity prices by 4.8%

The state utility EVN has announced that retail electricity prices are increasing by 4.8% to an average of 2,103 VND per kilowatt-hour starting from October 11, 2024.
The latest electricity price hike is expected to have little impact on the poor.
The latest electricity price hike is expected to have little impact on the poor.

The move followed a report by the Ministry of Industry and Trade that EVN’s power generation costs in 2023 rose by 2.79% to 2,088.9 VND per kilowatt-hour.

According to EVN, the impact of this latest electricity price hike on poor households and policy beneficiary families will be minimal.

Specifically, the price for the first 50 kilowatt-hours is 1,893 VND per kilowatt-hour.

For the 51-100 kilowatt-hour range, the price is 1,956 VND per kilowatt-hour, and the price for the 101-200 kilowatt-hour range is 2.271 VND per kilowatt-hour.

The respective tariffs for the fourth bracket (from 201 to 300 kilowatt-hours) and fifth bracket (from 301-400 kilowatt-hours) will be 2,860 VND and 3,197 VND per kilowatt-hour.

Any amount of power consumed above 400 kilowatt-hours will be charged 3.302 VND per kilowatt-hour.

NDO