The Ministry of Industry and Trade (MoIT) is considering new models to calculate electricity prices, including one that would eliminate its current step pricing, which industry experts have called outdated and deeply unpopular among consumers.
The Ministry of Industry and Trade (MoIT) is drafting regulations on new retail prices for electricity, aiming to lower electricity prices for hotels in order to strengthen the tourism sector and hike prices for electricity-guzzling households in an effort to incentivise lower consumption.
The Ministry of Industry and Trade (MoIT) has not yet decided to adjust power tariffs this year and has been calculating basic prices, the ministry announced at an electricity production cost conference in Hanoi on January 20.
The electricity sector in 2017 will strive to prevent the power tariff from stirring controversy, said Hoang Quoc Vuong, Deputy Minister of Industry and Trade.
A proposal to allow Electricity of Vietnam (EVN) to set retail prices has been criticised for granting excessive power to the national utility as well as the Ministry of Industry and Trade (MoIT).
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