Vietnam’s state-owned power provider Electricity Vietnam or EVN has submitted a proposal to the Ministry of Industry and Trade that would see a two-tier electricity pricing strategy trialled with a select group of power consumers next year, Dan Tri has reported. Essentially, this would see firms pay a set fee for a certain amount of power each month whether they use that power or not and then a metered price based on their actual power consumption.
This policy looks to be a response by the state power provider to try and increase revenue without increasing electricity prices. This comes after the state power provider ran up huge losses over the past two years by selling electricity below cost price.