Two-component electricity pricing is expected to be piloted with large-consumption manufacturing customers starting in October, before official implementation next year.
Tran Ngoc Linh, 64, former director of EVN Binh Thuan, admitted to receiving over 2.329 billion VND in bribes from Tuan An Group after helping them win 23 bidding packages.
Businesses installing rooftop solar panels for self-consumption need to inform authorities and EVN to ensure safety, grid stability, and data collection for planning.
If retail electricity prices increase by about 3% from October, EVN's revenue is projected to increase by around 4.8 trillion VND, according to a representative from the Ministry of Industry and Trade.
Experts suggest EVN should develop and publicly consult on various electricity price increase scenarios to determine a reasonable "tolerance threshold" for consumers and businesses.
EVN's deputy general director said they have deployed electronic meters for all customers, so "there is no interference to falsify electricity consumption figures".
EVN stated that the nearly $1.9 billion loss stemmed primarily from retail prices being lower than production costs, along with customer support expenses during the Covid-19 pandemic.
Government agencies and experts are calling for transparency from EVN regarding the 45 trillion VND loss it wants to incorporate into electricity prices. They demand a clear explanation of the causes and a detailed breakdown of the costs involved.
EVNHCMC has developed an app that allows customers to monitor their electricity consumption, receive alerts for unusual activity, and monitor their electrical systems in near real-time.
The ministry of industry and trade said electricity prices could remain stable or increase by only 2-5% this year if EVN's nearly 45 trillion VND loss is factored into the pricing structure.
Leading enterprises like PVN, EVN, Vingroup, and others showcased their products and achievements, contributing to the country's economic development and affirming Vietnam's national standing.
