Vietnam will allow power-price adjustments every three months

Vietnam’s government said it will allow power prices to be adjusted as often as once every three months, depending on market conditions.

The policy will take effect at the beginning of June, based on a government decision dated April 15 and signed by Prime Minister Nguyen Tan Dung, according to a posting on the government’s website.

Among the reasons for adjusting power prices are changes in fuel costs or changes in exchange rates, according to the posting.

The government increased electricity prices by about 15 percent from March 1, contributing to a 13.89 percent year-on- year inflation rate in March, the highest level in more than two years. – Bloomberg

Tags: Vietnam electricity, Vietnam electricity prices, Vietnam energy

Posted by VBN on Apr 18 2011. Filed under Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry