Regulation of electric price for attraction of investment, guarantee energy security and stable development

On February 17th, 2009, press meeting has been organized by Ministry of Industry and Trade, in order to promulgate Decision no 21/2009/QD – TTg of Government Prime Minister on electric price for 20

  According to no 21/2009/QD – TTg, the regulation of electric price will be implemented from March, 1st 2009  with  average price of 948.5 dong/kWh for 2009, increase of  8.92 percent  compare to 2008. The first ladder  in price list for living electricity from the level of 1 – 50kWh, price compensation level for this ladder occupied for 35-40 percent  of  average  electric price, ladding cost from 51 – 100 kWh will calculate by average cost, no including benefits. Above-said electric price list will be applied in the whole country. From 2010 onwards, electric price will be applied upon the market price.

Speaking at press meeting, Deputy Prime Minister Hoang Trung Hai has showed that, the regulation of  electric price for 2009, which has been calculated carefully by Government, due to electric price regulation ought to have realized  in 2008, with the reason of  domestic as well as world economy situation, thus must be postponed. Regulation of electric price  in this time is an indispensable step in economy towards the market,  if  no realization before, must be done later, if  last longer, will make disadvantage.

Deputy Prime Minister has also explained that mechanism is given for Electricity Field for its operation by the State, providing for electric source serving for economy, but if no regulation of  electric price timely for attraction of investment, difficulties will be met by Electricity field on capitals source for development of  electric network and source,  electric deficiency will be taken place, making effects of production, living and national security.     

  • Tags: