Power prices to remain unchanged in 2016: Vietnam Electricity
Power prices to remain unchanged in 2016: Vietnam Electricity
Vietnam Electricity (EVN), the country’s power utility, does not have any plan to increase electricity prices in 2016, a top executive official said Sunday.
The state-run firm has so far had no intention to make any price increase proposal, deputy general director Dinh Quang Tri told Tuoi Tre (Youth) newspaper.
The Ministry of Industry and Trade, which oversees EVN, is seeking government approval for a draft decree to regulate power prices this year, which likely includes a price hike.
But Tri rejected such speculation.
Even though power generation this year is expected to meet with difficulty due to water shortage in reservoirs caused by long-lasting severe drought, Tri said EVN will enact measures to solve the problem.
“Other businesses are also struggling with economic difficulties. If we charged higher prices, the situation would be severely worse,” the deputy general director explained.
“As a state-run company, we are due to be responsible for balancing the national economy and keeping it stable, especially at this time when the development of the country should be sustained at a steady pace and the citizens’ life needs easing,” he added.
