Decision 648/QD-BCT 2019 on adjusting the average electricity retail price and providing for electricity retail prices

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Decision No. 648/QD-BCT dated March 20, 2019 of the Ministry of Industry and Trade on adjusting the average electricity retail price and providing for electricity retail prices
Issuing body: Ministry of Industry and TradeEffective date:
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Official number:648/QD-BCTSigner:Tran Tuan Anh
Type:DecisionExpiry date:
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Issuing date:20/03/2019Effect status:
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Fields:Commerce - Advertising , Electricity , Industry

SUMMARY

From March 20, the average electricity retail price is VND 1,864.44/kWh

On March 20, 2019, the Ministry of Industry and Trade issues the Decision No. 648/QD-BCT on adjusting the average electricity retail price and providing for electricity retail prices.

Accordingly, the average electricity retail price is VND 1,864.44/kWh (exclusive of value-added tax). Time for applying the electricity prices: From March 20, 2019.

Chief of the Ministry Office, Director of the Electricity Regulatory Authority, General Director of Vietnam Electricity, relevant organizations and individuals shall implement this Decision.

This Decision takes effect from the signing date.

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Effect status: Known

THE MINISTRY OF INDUSTRY AND TRADE
___________

No. 648/QD-BCT

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

_____________

Hanoi, March 20, 2019

DECISION

On adjusting the average electricity retail price and providing for electricity retail prices

__________________

THE MINISTER OF INDUSTRY AND TRADE

 

Pursuant to the Government’s Decree No. 98/2017/ND-CP dated August 18, 2017, defining the functions, tasks, powers and organizational structure of the Ministry of Industry and Trade;

Pursuant to the Electricity Law dated December 03, 2004 and the Law Amending and Supplementing a Number of Articles of the Electricity Law dated November 20, 2012;

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

Pursuant to the Prime Minister's Decision No. 28/2014/QD-TTg dated April 07, 2014, on structure of electricity retail tariff;

Pursuant to the Prime Minister’s Decision No. 24/2017/QD-TTg dated June 30, 2017, on mechanism for adjustment of average electricity retail price;

Pursuant to the Prime Minister's Decision No. 34/2017/QD-TTg dated July 25, 2017, on the average electricity retail price frame in the 2016-2020 period;

Pursuant to the Minister of Industry and Trade’s Circular No. 16/2014/TT-BCT dated May 29, 2014, on implementation of electricity prices; Circular No. 25/2018/TT-BCT dated September 12, 2018, amending and supplementing a number of articles of the Minister of Industry and Trade’s Circular No. 16/2014/TT-BCT dated May 29, 2014, on implementation of electricity prices;

At the proposal of the Director of the Electricity Regulatory Authority in the Report No. 20/TTr- DTDL dated March 19, 2019,

 

DECIDES:

 

Article 1.

1. The average electricity retail price is VND 1,864.44/kWh (exclusive of value-added tax).

2. The electricity retail prices applicable to groups of electricity customers and electricity prices applicable to electricity-retailing units are provided in the Appendix to this Decision. Electricity prices provided in the Appendix to this Decision are exclusive of value-added tax.

3. Time for applying the electricity prices: From March 20, 2019.

Article 2. Chief of the Ministry Office, Director of the Electricity Regulatory Authority, General Director of Vietnam Electricity, relevant organizations and individuals shall implement this Decision./.

 

 

THE MINISTER



Tran Tuan Anh

 

* All Appendices are not translated herein.

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