electricity

EVN was selling electricity at a loss for most of last year and 2022 and the start of this year too. This saw the state-owned enterprise accumulate losses of over US$1.5 billion. It has never been made clear how these losses have been covered but, in light of these claims, it could very well be that power producers may be footing the bill.

Promoting power conservation is not a new concept. This happens just about everywhere in the world. That said, what should be concerning is the volume of power Foxconn is being asked to cut. Whereas a firm might be able to save a few kilowatts here or there, it would be very unusual for a firm to be operating with an inefficiency in their power use of 30 percent.

Of note, in 2022 EVN reported a loss of US$1.5 billion with rises in fuel costs vastly outstripping the electricity retail price which is regulated. That said, Decision 24 issued back in 2017, the precursor to Decision 5, already had provisions for the electricity price to be adjusted annually, however, between 2019 and November 2023 no adjustment was made. It’s not clear why and in this context the frequency at which power prices are reviewed may not have been the crux of the problem.

Vietnam’s state power provider, Electricity Vietnam or EVN, is estimating a 12.24 percent rise in electricity consumption this month compared to May of last year, Tuoi Tre is reporting. The publication goes on to outline how EVN is preparing for a surge in demand over the summer, however, it lacks

EVN has made a power purchase agreement with a new LNG power plant set to come online in the near future, however, EVN has been reluctant to commit to a consumption volume. The issue was the consumption rate, VN Express is reporting. The project operators wanted EVN to commit to

Once again the MoIT is saying there will be no feed-in tariffs for rooftop solar, according to The Investor. Last week it was announced that the MoIT was considering a time-based feed-in tariff for rooftop solar, however, this week the ministry is saying that’s not the case.

A draft decree that, if passed, would finally provide a legal framework for direct power purchase agreements–or DPPAs–is being circulated, according to VN Express. It outlines DPPAs that can use either EVN’s power infrastructure or build their own infrastructure.

The state power provider EVN wants to charge a subscription fee on top of metered electricity prices to cover the additional infrastructure costs for some customers, VN Express is reporting. Essentially, the power price is currently calculated on the volume of electricity used and by tiers–the more you use the

Northern Vietnam’s electricity consumption could increase by as much as 17 percent this summer, however, the supply of electricity is slated to have added only 10 percent, VN Express is reporting Last year, power shortages cost Vietnam an estimated US$1 billion.

Vietnam’s Ministry of Industry and Trade (MoIT) has suggested electricity prices should rise in May in line with rising production costs, VN Express is reporting. In Vietnam, retail electricity prices are set by the government. The state power provider, EVN, can increase prices up to 3 percent. A price hike

Vietnam’s Northern Power Service Company is predicting a shortfall in electricity over summer of 1,200 to 2,500 megawatts, DTI News is reporting. This is after power shortages in 2023 saw households and businesses without power for hours at a time including a number of big multinationals. It was estimated to

Electricity Vietnam (EVN) has said it expects to record a pre-tax loss of about US$698.6 million in 2023, VN Express is reporting. The size of this loss has been attributed to the state electricity provider continuing to sell electricity at below cost price. Key points It currently costs EVN 2,092.78

A dossier proposing a decree on rooftop solar power development, put forward by Vietnam’s Ministry of Industry and Trade, has suggested removing feed-in-tariffs for excess power fed into the national grid, Vietnam Net is reporting. Key points: MoIT says this is because there is no legal framework for selling excess

A government resolution issued in 2020 declared that electricity pricing needed to be transparent and determined by market rules, however, there is still a huge mismatch between input costs and retail prices, Vietnam Net is reporting.  Key takeaways: Before this year electricity prices has not increased since 2019; Several provinces

Vietnam Electricity (EVN) has announced that electricity consumers will see a price hike on their next bill of 4.5 percent, Saigon Giai Phong is reporting. This is the second time electricity prices have gone up this year. For context, last year EVN reported a loss of US$1.5 billion with rises

A report produced for the National Assembly Standing Committee on energy development in Vietnam has found that the country could experience power shortages up to 2050, VN Express is reporting. The article notes this will be most problematic in the near term in the north, and that this will see