It is necessary to soon implement the two-component electricity price mechanism.

(Chinhphu.vn) - The Minister of Industry and Trade said that opinions at the meeting all agreed on the need to soon implement the two-component electricity price mechanism according to the provisions of the Electricity Law; initially applied to the group of customers with large electricity consumption, starting from January 1, 2026.

Minister of Industry and Trade Nguyen Hong Dien chaired a working session with units under the Ministry on two-component electricity prices.

On the afternoon of September 8, Minister of Industry and Trade Nguyen Hong Dien chaired a working session with units under the Ministry on the two-component electricity price.

According to the report of the Electricity Department, the two-component electricity price is the price structure to be paid for the registered capacity and the actual electricity used. This is different from the current price mechanism which is the selling price according to a component of consumed electricity, that is, calculated according to the actual amount of electricity used. The current application of the ladder method of calculating electricity prices only reflects the amount of electricity consumed and does not reflect the true nature of the electricity selling price for each subject.

At the meeting, Mr. Nguyen Anh Tuan, General Director of EVN proposed that in the immediate future, the subject of application should only be considered for large production customers with electricity consumption of 200,000 kWh/month or more, connected to a voltage level of 22 kV or more (the customer group that is subject to the direct power purchase mechanism - DPPA according to regulations), not yet applied to residential customers due to the need to invest in replacing the entire metering system.

Researching and converting the electricity retail price mechanism from a single-component retail price (based on electricity consumption) to a two-component retail price (based on capacity price and electricity price) at the present stage is necessary and appropriate to collect the correct and sufficient costs of the electricity industry to supply electricity to electricity customers (including costs of using electricity industry infrastructure (power source, grid) and electricity costs). This creates transparency and fairness among electricity customers, accurately reflecting the nature of electricity usage by customers in the electricity system. However, this is a method that has never been applied in Vietnam, and will fundamentally change the electricity industry and electricity prices, so it takes time to research, develop and assess specific and thorough impacts.

Opinions at the meeting all agreed on the need to soon implement a two-component electricity price mechanism (capacity price and electricity price) according to the provisions of the Electricity Law.

At the meeting, leaders of units under the Ministry, consulting units and Power Corporations reported and gave further comments on the contents related to the legal basis; implementation subjects; coordination work to promote communication on the two-component electricity price to electricity customers so that customers have full awareness and information about the mechanism, so that customers can understand and manage, adjust their electricity usage behavior appropriately when applying the two-component retail electricity price in practice.

Concluding the meeting, the Minister of Industry and Trade said that opinions at the meeting agreed on the need to soon implement the two-component electricity price mechanism (capacity price and electricity price) according to the provisions of the Electricity Law; initially applied to the group of customers with large electricity consumption, starting from January 1, 2026.

In order to effectively and promptly apply the 2-component electricity price mechanism to meet new requirements, Minister Nguyen Hong Dien requested the Electricity Department to coordinate with EVN and relevant units to review and complete the 2-component electricity price project in a scientific and feasible manner, learning from international experience, and submit it to the Ministry's leaders and competent authorities before October 15, 2025; along with that, there must be an assessment report on the project's impact, providing full information, and reporting to the Government.

At the same time, the Electricity Authority will preside with relevant units and EVN to review, calculate and propose amendments to Decision No. 14/2025/QD-TTg of the Prime Minister on the structure of retail electricity prices based on current legal bases and the implementation process in practice.

At the same time, urgently develop a Circular amending Circular 16 to regulate the method of building a price framework. This must be done in parallel with the roadmap for building a price framework for the two-component electricity price mechanism. In particular, EVN must play a leading role, propose a method for building a price framework, ensuring the principle of calculating correctly, fully, and calculating all costs in the process of electricity production and trading, including transmission costs.

Minister Nguyen Hong Dien also requested units to continue advising on the target groups to apply the two-component electricity price mechanism. EVN needs to hire consultants, build transparent and smooth operating software, and complete it before October 20, 2025, but must closely follow the Electricity Law, Resolution 70, and the upcoming Decree of the Government implementing Resolution 70 of the Politburo. In the immediate future, this mechanism applies to large electricity users, without any exceptions. From now until December 31, two bills will run in parallel, one according to the current mechanism for actual payment, one according to the two-component mechanism for customers to refer to and self-adjust.

EVN must proactively hire consultants and develop management software to ensure transparent and smooth operations. All of this must be completed before October 20.

Anh Tho

Source: https://baochinhphu.vn/can-thiet-som-thuc-hien-co-che-gia-dien-2-thanh-phan-102250908211713506.htm