Adjusting average retail electricity price from May 4, 2023

According to Decision No. 24/2017/QD-TTg dated June 30, 2017, stipulating the mechanism for adjusting the average retail electricity price of the Prime Minister, according to the document No. 304/BCT-DTDL dated April 27, 2023, of the Ministry of Industry and Trade, Vietnam Electricity has issued Decision No. 377/QD-EVN dated April 27, 2023, on adjusting the average retail electricity price, whereby the average retail electricity price is VND 1,920.3732/kWh (excluding value added tax) from May 4, 2023. This adjustment is equivalent to an increase of 3% compared to the current average retail electricity price.

Previously, on March 31, 2023, the Ministry of Industry and Trade announced the inspection results of EVN's electricity production and business costs in 2021 and 2022 according to the provisions of Decision No. 24/2017/QD-TTg. The inspection results of EVN's electricity production and business costs in 2021 and 2022 show that the electricity production and business cost in 2022 is VND 2,032.26/kWh, an increase of 9.27% compared to that of 2021.

Vietnam Electricity would like to announce to our power customers and looks forward to continuing to receive customers' sharing and support for the Group's production and business activities.

CONTACT INFO:

Communication Department - Vietnam Electricity;

Email: bantt@evn.com.vn

Tel: 024.66946405/66946413; Fax: 024.66946402

Address: No.11 Cua Bac Street, Truc Bach Ward, Ba Dinh District - Hanoi;

Website: www.evn.com.vn

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Adjusting%20average%20retail%20electricity%20price%20from%20May%204%2C%202023.docx