Covid-19 and the slow implementation of power transmission projects may make it impossible for solar power projects to connect to the national grid by the end of the year.

Vietnam needs an electricity power policy under which the market rules, investors make a profit, and the poor can afford electricity.

Electricity consumers complain that retail electricity prices keep increasing.

The Minister of Industry of Trade Tran Tuan Anh has decided to withdraw the suggested plan to allow consumers to choose to pay electricity bills with either a multi-level or single-level price mechanism.

The Electricity Regulatory Authority (ERA) has changed the proposal of allowing household consumers to choose to pay electricity bills under either a multi-tiered price or single-price mechanism.

When the competitive electricity retail market takes shape, EVN will no longer be the only retailer and people will be able to choose their retailer and negotiate prices.

If the single price of VND1,864 per kwh, which is equal to the average retail price, is set, millions of clients will have to pay more for electricity bills.

Under a ministry proposal, consumers would pay for electricity use under either a 5-tier price system or a single-price system.

Around 12,000 MW of wind power has been added to the national power development plan, which has raised concern about the overloading of the transmission grid.

Vietnam Electricity (EVN) announced there were only a few cases of incorrect electricity bills after checking its records from June 25 to July 3.

The southern region may face severe electricity shortage starting from 2021, according to the Electricity of Vietnam Group (EVN).

The total capacity of solar power projects registered by investors has become nearly 10 times higher than the targeted level.

Vietnam could become an emerging wind power market if it removes existing barriers to its progress, experts have said.

A solution for the power industry has been put into discussion: selling entire power plants to investors after they are put into operation.

The Ministry of Industry and Trade (MoIT) is proposing reducing power price tiers from the current six to five levels.

The HCM City Power Corporation Corporation under Vietnam Electricity (EVNHCMC) is co-operating with suppliers to carry out preferential programmes to encourage enterprises and individuals in the city to use solar power.

The Decision 13/2020 on the development of solar power in Vietnam was released by the government on April 6, 2020.

Instead of rushing to build wind and solar power plants as seen a year ago, investors now have no other choice but to wait.

Vietnam Electricity's (EVN) Standalone Credit Profile (SCP) of 'bb' has reasonable headroom to absorb the impact of the proposed reduction in electricity tariffs in the country, Fitch Ratings said in a report released on Wednesday.

Decision No.13/2020/QD-TTg on encouraging mechanisms for solar power development in Vietnam sets the deadline of December 31 for solar systems of any scale to attain a certificate of delivery and enjoy the feed-in tariff 2 (FiT2) rate,