Eliminate all barriers to have a transparent electricity tariff without cross compensation



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Remove all barriers to ensure transparent electricity prices; no cross compensation; develop a public and transparent price list and collect people’s opinions to choose the appropriate option.

Report on the results of the explanatory session “Current situation and solutions for electricity development until 2030 to meet the requirements of socio-economic development” at the meeting of the Standing Committee of the National Assembly on the morning of September 16, the Committee President The Vu Hong Thanh Economic Committee made a series of proposals and recommendations.

Do not cross compensation

Regarding electricity prices, the Economic Committee suggested to the Ministry of Industry and Commerce and related agencies to accelerate the roadmap for the implementation of the competitive market for the purchase and sale of electricity, and the mechanism of direct purchase and sale contracts. of energy between producers and customers. appropriate energy consumption, tenders and auctions, especially in renewable energy and investment projects in new energy; transparency of electricity purchase and sale prices.

Eliminate barriers to have a transparent electricity tariff without cross compensation
Chairman of the Economic Committee, Vu Hong Thanh.

There is a mechanism to encourage the attraction of non-state capital to invest in construction in the national energy transmission system. Operate an independent national energy transmission system under state control.

Promote the equity of corporations, companies that own power plants belonging to the State Group (Vietnam Electricity, Vietnam Oil and Gas Group, Vietnam Coal – Mineral Industry Group).

Along with that, continue to research to perfect the wholesale and retail price of electricity to ensure the principles of the market mechanism, correction, adequacy and create financial resources to reinvest the energy sector, to overcome the way of calculating prices of the electricity is not as reasonable as it is today.

“Eliminate all barriers to ensure transparent electricity prices decided by the market; do not subsidize electricity prices between customer groups, between regions and regions; perfect mechanisms, policies and marketable tools to promote the economic and efficient use of electricity. Build a public and transparent electricity tariff, gathering opinions from the people to choose the appropriate option ”, emphasized the president of the Economic Committee.

In addition, the Economic Committee also called for the construction of an innovative electricity price mechanism, timely adjustment to the market, the construction of two-component electricity prices; adopt policies to harmoniously develop projects by region and region, give directional signals and attract investors.

Transparent and fair competition

According to the Economic Commission, the energy source in the period 2011 – 2019 experienced strong growth, gradually reducing the loss of energy from 10.15% in 2010 to 6.5% in 2019. Imported forms of electricity export has diversified . In addition, the competitive electricity generation and wholesale market was initially formed and is becoming more and more complete, which contributes to improving the efficiency of the electricity industry.

However, according to the Economic Committee, the formulation and enactment of policies are not synchronized with planning. Solar energy projects have generally not been developed for many years, but when there is a pricing policy to encourage renewable energy, only in a short time has there been explosive development, far exceeding plan.

Forecast planning, the calculation is not exact, the actual situation has not yet been foreseen. Planning for fit and supplementation is still passive …

It is worth noting that the balance between the structure of the power source and the electrical network is not assured, in the face of the risk of power shortage. Many large energy projects, which play an important role, were delayed, such as Long Phu 1, Thai Binh 2, Vung Ang 2 …

“The asynchronous development between the power source, the power grid and the delay in the progress of large projects leads to the fact that the power capacity in many places is still redundant and not completely discharged, while there is a risk of large-scale local power shortages, ”noted Mr. Vu Hong Thanh.

The Economics Committee also said that the electricity pricing mechanism lacked progress, was slow to change and did not meet the requirements. There is no two-component electricity price, electricity purchase price by region and region to guide investment and charging development.

Not only that, in the management process, the adjustment of the electricity price according to the market mechanism has not been fully implemented; The retail price structure for electricity also maintains cross-trade between production customers and domestic and commercial customers.

The Economic Commission recommends that its objective be to attract investors by regions and regions, creating harmony in the structure of energy sources and electrical networks in regions and regions throughout the country. At the same time, adopt policies that encourage all economic sectors, especially the private economic sector, to invest in energy projects; create transparency, fair competition.

The Economic Committee proposes to urgently review and find solutions to problems in the implementation of energy projects, especially large capacity projects and key projects to supply sufficient electrical energy to the system. especially by ensuring the balance in energy sources between the North, the Center and the South. Invest in the network infrastructure system to unleash a better power source capacity.

Thu Hang

Minister of Industry and Commerce: We also regret that the price of electricity has not been reduced

Minister of Industry and Commerce: We also regret that the price of electricity has not been reduced

Industry and Commerce Minister Tran Tuan Anh acknowledged the current fact that “electricity prices only increase but do not decrease” and commits that by 2024 electricity prices will either increase or decrease.

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