Decision 2647/QD-BCT 2024 approving the frame of prices for import of electricity from Laos to Vietnam from December 31, 2025

DECISION

Approving the frame of prices for import of electricity from Laos to Vietnam for the period from December 31, 2025

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THE MINISTER OF INDUSTRY AND TRADE

               Pursuant to the December 3, 2004 Law on Electricity and the November 20, 2012 Law Amending and Supplementing a Number of Articles of the Law on Electricity;

Pursuant to the Government’s Decree No. 96/2022/ND-CP of November 29, 2022, defining the functions, tasks, powers and organizational structure of the Ministry of Industry and Trade; the Government’s Decree No. 105/2024/ND-CP of August 1, 2024, amending and supplementing a number of articles of the Government’s Decree No. 96/2022/ND-CP of November 29, 2022, defining the functions, tasks, powers and organizational structure of the Ministry of Industry and Trade, and the Government’s Decree No. 26/2018/ND-CP of February 28, 2018, on the Charter on organization and operation of the Vietnam Electricity Group;   

Pursuant to the Government’s Decree No. 137/2013/ND-CP of October 21, 2013, detailing the implementation of a number of articles of the Law on Electricity and Law Amending and Supplementing a Number of Articles of the Law on Electricity;

Pursuant to the 2019 Agreement on Cooperation in the Development of Electricity and Mining Projects between the Government of the Lao People's Democratic Republic and the Government of the Socialist Republic of Vietnam;

Pursuant to the 2024 Agreement on the Plan on Cooperation between the Government of the Lao People's Democratic Republic and the Government of the Socialist Republic of Vietnam;

Pursuant to the Prime Minister’s Document No. 241/TTg-QHQT of February 23, 2019, and Document No. 397/TTg-QHQT of April 4, 2020, on the principles and prices for import of electricity from Laos to Vietnam;

Pursuant to the Government Office’s Document No. 7694/VPCP-QHQT of October 5, 2023, notifying the Deputy Prime Minister’s opinions on Vietnam's offshore investment in 2022 and the first 7 months of 2023;

Pursuant to the Prime Minister’s Decision No. 262/QD-TTg of April 1, 2024, approving the Plan for implementing the National Power Development Plan for the 2021-2030 period, with a vision toward 2050;

Pursuant to the Government’s Resolution No. 128/NQ-CP of September 8, 2024, on the Government’s August 2024 regular meeting;

At the proposal of the Vietnam Electricity Group in Document No. 2938/EVN-TTD of May 23, 2024, and the proposal of the Director of the Electricity Regulatory Authority of Vietnam,

DECIDES:

Article 1. To promulgate the frame of prices for import of electricity from Laos for the period from December 31, 2025

The frame of prices for purchase of electricity imported from Laos to Vietnam applicable to for hydropower plants and wind power plants under commercial operation for the period from December 31, 2025, is as follows:

- Maximum price for hydropower plants: USCent 6.78/kWh;

- Maximum price for wind power plants: USCent 6.4/kWh.

- The frame of prices for import of electricity from Laos to Vietnam applies to power plants under commercial operation in the period from December 31, 2025, through December 31, 2030.

Article 2. Organization of implementation

1. Based on the frame of prices for import of electricity from Laos specified in Article 1 of this Decision, the Vietnam Electricity Group and power generation units shall enter into negotiations on electricity purchase and sale prices in adherence to the principles of harmonious benefits, shared risks and compliance with the market mechanism and market price, ensuring that power generation costs are saved to the utmost and electricity prices are competitive as compared with electricity prices in Vietnam.

2. The Vietnam Electricity Group shall monitor, and promptly report to the Ministry of Industry and Trade on major fluctuations in the parameters for calculating the frame of prices for import of electricity from Laos.

Article 3. Implementation provisions

1. This Decision takes effect on the date of its signing.

2. The Chief of the Office, Director of the Electricity Regulatory Authority of Vietnam, Director of the Electricity and Renewable Energy Authority, Director of the Legal Department, General Director of the Vietnam Electricity Group, and related organizations and individuals shall implement this Decision.-

For the Minister of Industry and Trade

Deputy Minister

TRUONG THANH HOAI