Decision No. 02/2023/QD-TTg on the price range for the average retail electricity price

Decision No. 02/2023/QD-TTg stipulates the maximum and minimum price ranges for the average retail electricity price in Vietnam, applicable to organizations and individuals participating in the power sector activities and using electricity. The minimum price is VND 1,826.22/kWh and the maximum price is VND 2,444.09/kWh.

Số hiệu02/2023/QĐ-TTg
Loại văn bảnDecision
Cơ quan ban hànhMinistry of Industry and Trade
Người kýLê Minh Khái — Phó Thủ tướng
Cập nhật15/06/2026
Lĩnh vựcUncategorized
Ngày ban hành03/02/2023
Ngày áp dụng03/02/2023
Ngày hết hiệu lực31/03/2025
Tình trạngExpired
✦ Tóm lược thông minh

Decision No. 02/2023/QD-TTg stipulates the maximum and minimum price ranges for the average retail electricity price in Vietnam, applicable to organizations and individuals participating in the power sector activities and using electricity. The minimum price is VND 1,826.22/kWh and the maximum price is VND 2,444.09/kWh.

Đối tượng áp dụng

Organizations and individuals participating in power sector activities and using electricity

Các điểm cốt lõi

  • Organizations and individuals participating in power sector activities and using electricity → must comply with the maximum and minimum price ranges for the average retail electricity price as prescribed in Article 2.
  • The Ministry of Industry and Trade is responsible for leading and coordinating with the Ministry of Finance to calculate and adjust the price range when there are significant changes in calculation parameters (Article 3.1).
  • The Vietnam Electricity Corporation must monitor and report when there are significant changes in production and business costs of electricity and allocate expenses not yet included in the average retail electricity price (Article 3.2).
  • Electricity users, including citizens and businesses, will be directly affected by the electricity price, which may increase or decrease depending on adjustments to the price range.
  • Organizations participating in power sector activities must comply with the price range regulations to ensure transparency and fairness in the electricity market.
  • The Ministry of Industry and Trade and the Vietnam Electricity Corporation have additional responsibilities to monitor, adjust, and report on fluctuations in production and business costs of electricity.

🌐 Tác động xã hội từ văn bản này

  • Electricity users, including citizens and businesses, will be directly affected by the electricity price, which may increase or decrease depending on adjustments to the price range.
  • Organizations participating in power sector activities must comply with the price range regulations to ensure transparency and fairness in the electricity market.
  • The Ministry of Industry and Trade and the Vietnam Electricity Corporation have additional responsibilities to monitor, adjust, and report on fluctuations in production and business costs of electricity.

❓ Câu hỏi thường gặp

What are the maximum and minimum price ranges for the average retail electricity price?

The minimum average retail electricity price is VND 1,826.22/kWh; the maximum is VND 2,444.09/kWh.

Who is responsible for adjusting the price range when there are significant changes in production and business costs of electricity?

The Ministry of Industry and Trade is responsible for leading and coordinating with the Ministry of Finance to calculate and adjust the price range.

What must the Vietnam Electricity Corporation do when there are significant changes in production and business costs of electricity?

Must monitor and report to the Ministry of Industry and Trade and the Ministry of Finance.

Toàn văn

PRIME MINISTER

___________

 

Number: 02/2023/QĐ-TTg

SOCIALIST REPUBLIC OF VIET NAM

Independence - Freedom - Happiness

______________________________________

Hanoi, February 3, 2023

 

Pursuant to …;

On the price range for the average retail electricity price level

__________

Pursuant to the Government Organization Law dated June 19, 2015; the Law Amending and Supplementing Certain Articles of the Government Organization Law and the Local Administration Organization Law dated November 22, 2019;

Pursuant to the Electricity Law dated December 3, 2004; and the Law Amending and Supplementing Certain Provisions of the Electricity Law dated November 20, 2012;

At the proposal of the Minister of Industry and Trade;

The Prime Minister promulgates this Decision on the price range for the average retail electricity price level.

 

Article 1. Scope of Regulation and Applicability

Article 1. This Decision stipulates the maximum and minimum levels of the average retail electricity price.

2. This Decision applies to organizations and individuals participating in the electricity sector and using electricity.

Article 2. Price Range for the Average Retail Electricity Price

The price range for the average retail electricity price (excluding value-added tax) is as follows:

1. The minimum average retail electricity price is 1,826.22 VND/kWh;

2. The maximum average retail electricity price is 2,444.09 VND/kWh.

Article 3. Implementation Organization

Clause 1. When there are significant changes in the parameters for calculating the price range, production and business costs of electricity, and requirements for allocating expenses not included in the average retail electricity price, the Ministry of Industry and Trade shall take the lead and coordinate with the Ministry of Finance to calculate and adjust the price range for the average retail electricity price level, and submit it for approval. consideration and decision by the Prime Minister.

Clause 2. The Vietnam Electricity Corporation shall be responsible for monitoring and reporting to the Ministry of Industry and Trade and the Ministry of Finance when there are significant changes in the parameters for calculating the price range for the average retail electricity price level, production and business costs of electricity, and the need to allocate expenses not included in the average retail electricity price.

Article 4. Effective date

Article 1. This Decision takes effect from February 3, 2023. The Decision No. 34/2017/QĐ-TTg dated July 25, 2017 of thePrime Minister on the price range for the average retail electricity price level for the period 2016-2020 ceases to be effective from the date this Decision takes effect.

Article 2. Ministers, heads of ministerial-level agencies, heads of government-affiliated agencies, Chairpersons of provincial People's Committees under central cities, heads of electricity units, and related organizations are responsible for implementing this Decision.

DEPUTY PRIME MINISTER
DEPUTY PRIME MINISTER

(Signed)

Lê Minh Khái

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