The ceiling prices for power generation of thermal electricity and hydroelectricity unchanged in the year of 2017 (Photo: VNA)
Hanoi (VNA) - The Ministry of Industry and Trade has decided to keep thermal andhydroelectric power price ceilings unchanged in 2017. According to a decision stipulating newelectricity tariffs, the ceiling price for power generation of thermalelectricity plants excluding value-added tax (VAT) will be 1,568 VND per kWh(about 7 US cent). The power price for the thermalelectricity plants was calculated based on the coal price (including losses,management cost, insurance and excluding transport cost) of 1.3 million VND pertonne. The hydroelectricity plant price ceilingwill be 1,070 VND per kWh, excluding tax on water resources, environment feeand VAT. The decision took effect January 1st,2017. The ministry required the Electricity of Vietnam (EVN) to report difficultiesto the Electricity Regulatory Authority of Vietnam during the decisionimplementation. Based on electricitytariff ceilings, EVN and power generation units negotiate sellingprices to follow the current legal regulations. In 2015, the ceiling pricesfor powergeneration of thermal electricity and hydroelectricity were 1,060 VND and 1,383VND per kWh. During a recent conference to reviewEVN’s 2017 business operation plans, Dang Hoang An, the group’s generaldirector, said its electricity production costs this year will increase by 5trillion VND (225 million USD), as coal prices sold to electricity rose by 7 percentfrom the end of last year.-VNA
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The ceiling prices for power generation of thermal electricity and hydroelectricity unchanged in the year of 2017 (Photo: VNA) 
