At the Government meeting on the afternoon of August 5, 2023, the Deputy of MOIT clarified a number of issues related to shortening the electricity price adjustment cycle to at least every 3 months instead of every 6 months as currently.

The shortening of the price adjustment cycle to once every 3 months will reflect more timely changes in input parameters to the cost of electricity production and business costs, avoiding major economic impacts and sudden electricity price spikes variable in one adjustment.



Regarding the roadmap for implementing two-component electricity prices, the MOIT proposes to improve the structure of electricity retail price list in two phases:

  • Phase 1:The electricity selling price for production and business customers is adjusted to avoid causing too large fluctuations.
  • Phase 2:The two-component electricity price will be considered and tested for customers using electricity produced at voltage level 110kV or higher when technical conditions permit, suitable in each economic recovery period.


Source: VnEconomy_The Ministry of Industry and Trade explains the proposal to adjust electricity prices every 3 months