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[Ferro-Alloys.com] The Government should build a retail power price for industrial production firms equal to households and adjust the electricity tariff to suit people’s living standards, experts have said.

 

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

 

Nguyen Anh Tuan, director of the ministry’s Electricity Regulatory Authority of Vietnam (ERAV), said the MoIT has provided four plans after collecting opinions from agencies, businesses and experts. Accordingly, the revision would keep the average retail power price unchanged and adjust the structure to suit actual electricity consumption.

 

Tuan said figures of power consumption among households in the US, the Republic of Korea, Thailand and Laos showed the retail price at the highest tier was 1.65 to 3 times higher than the lowest one. Therefore, the ministry proposed keeping an ascending mechanism. However, the current six tiers would be reduced to five as it ensures all households with power consumption of less than 700 kWh (98.2 percent of the total) would not be see increased power bills. In addition, the difference between the highest and lowest tiers would suit the world’s trend.

 

Source: VNA