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Update news power price
Disrupted coal mining in Ordis in Inner Mongolia, the most important coal mining hub in the world, is posing huge risks that could stifle global growth.
Because of low electricity consumption, thermopower, hydropower, wind and solar power plants have had to cut their capacity.
In the most recent heat wave in northern Vietnam, electricity consumption has set "historic peaks".
Amid feedback from the public and experts about calculating energy price, the Ministry of Industry and Trade has rounded off the single-price model for household electricity in a bid to harmonise the benefits of all stakeholders in society.
The Ministry of Industry and Trade (MoIT) is considering allowing households to choose a common retail power price for their electricity consumption, said deputy minister Hoang Quoc Vuong.
VietNamNet Bridge – Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Industry and Trade (MoIT) to promptly submit a proposal to adjust the price of electricity by the end of February this year.
The Electricity of Viet Nam (EVN) has proposed to increase the power price by an average 9.5 per cent from this month.
The increase of coal and gas prices made input costs of the Electricity of Vietnam Group or EVN rise by VND7.2 trillion in 2013. In the first half of the year, EVN’s debts to the gas and coal groups nearly VND10 trillion ($476 million).
VietNamNet Bridge – The Ministry of Industry and Trade on Monday refused to answer questions on the power price hike although local reporters insisted on making the related information transparent.
VietNamNet Bridge – Vietnamese businesses have been on the tenterhooks, because they understand that the electricity price would increase in some days, following the petrol and coal price hikes.
VietNamNet Bridge – An input cost increase of 2% over the current average retail price of electricity is a sufficient condition for Vietnam Electricity Group (EVN) to propose a new round of power price hikes,