The Ministry of Industry and Trade has just completed the Draft Decree amending and supplementing a number of articles of Decree No. 72/2025/ND-CP dated March 28, 2025 of the Government on the mechanism and time for adjusting average retail electricity prices, with a Submission to seek opinions from relevant ministries, branches and units before submitting to the Government for consideration.
Notably, according to the report of Vietnam Electricity Group (EVN), due to the impact of the world geopolitical situation, the high cost of purchasing electricity in the period of 2022 - 2023 has caused many difficulties for EVN, the accumulated loss of these 2 years is about 50,029 billion VND. By the end of 2024, the accumulated loss of the parent company - EVN is still 44,792 billion VND, leading to a decrease in state investment capital in EVN, not preserving capital. If the recovery is not calculated in the electricity price, it will not be able to promptly compensate for the decrease in state capital in previous years. Therefore, EVN proposed that the Minister of Industry and Trade report to the Prime Minister to allow this accumulated loss to be calculated as a cost allowed to be included in the average retail electricity price.
In addition, the total of other costs not included in the electricity price, which are expenses that are allowed to be calculated but not fully included in the price, will be allocated to the average retail electricity price of year N (VND). Including costs directly serving the production and supply of electricity that have not been offset in the previous price, determined according to the business performance (deducting other operating profits, if any), in the annual financial report of the parent company EVN that has been independently audited from 2022 onwards. EVN proposes a plan to allocate these costs, reports to the Ministry of Industry and Trade for consideration and comments; if necessary, the Ministry of Industry and Trade will consult the Ministry of Finance .
In addition, the unallocated revaluation exchange rate difference, along with the exchange rate difference that has not been recorded and paid to power plants under the power purchase agreement, are also within the scope of consideration of the draft.
Previously, on August 15, 2025, the Government Office issued Official Dispatch No. 3673/VPCP-KTTH conveying the Prime Minister's direction, assigning the Ministry of Industry and Trade to preside over and coordinate with relevant ministries and agencies to develop and propose to the Government a Decree amending and supplementing Decree No. 72/2025/ND-CP according to simplified procedures.
According to the Ministry of Industry and Trade, the Electricity Law No. 61/2024/QH15 clearly stipulates that the Government has the authority to issue mechanisms and time limits for adjusting average retail electricity prices, ensuring that electricity prices accurately reflect actual fluctuations in input costs, fully compensate for reasonable and valid costs, and maintain reasonable profits to preserve and develop business capital of enterprises. In recent times, the implementation of Decree No. 72 has helped increase transparency and convenience in calculating and periodically adjusting electricity prices.
Currently, the mechanism for adjusting the average retail electricity price is being implemented according to the provisions of Decree No. 72. Vietnam Electricity Group has implemented the construction and calculation of the average retail electricity price according to the regulations on annual and intra-year price adjustment. This method brings many positive points in terms of transparency, convenience, and removes many existing obstacles, helping to adjust the electricity price more promptly and flexibly than before. However, through the actual implementation, there are still some contents that need to be considered and adjusted to ensure the principle of calculating correctly and fully the reasonable and valid costs in the process of determining and adjusting the retail electricity price.
Therefore, EVN recommends that Decree No. 72 should be amended and supplemented to allow the recovery of costs directly serving the production and supply of electricity that have not been calculated and fully compensated in the previous average retail electricity price, based on the results of the announcement of electricity production and business costs or annual audited financial statements. The retail electricity price needs to promptly resolve the issue for the electricity unit in recovering enough costs, contributing to the preservation and development of business capital. Therefore, it is necessary to draft a Decree amending and supplementing Decree No. 72 to continue perfecting the regulations on the mechanism and time for adjusting the average retail electricity price.
The Ministry of Industry and Trade said that the objective of the draft is to continue to perfect regulations on the mechanism for developing, calculating and adjusting average retail electricity prices, ensuring that electricity prices closely reflect reality and are promptly updated according to fluctuations in input factors. During the drafting process, the Ministry of Industry and Trade thoroughly understood the viewpoint of complying with the Electricity Law No. 61/2024/QH15 and related legal regulations. The revised contents focus on electricity production and business activities, creating conditions for enterprises to recover sufficient reasonable and valid costs arising in practice. At the same time, the draft requires that cost criteria must be clear, public, transparent, feasible and fully grounded, including costs arising due to objective reasons that the electricity unit cannot control but have not been fully included in the electricity price.
The scope of the draft focuses on amending and supplementing Point g, Clause 2, Article 4 of Decree 72, while the applicable subjects remain the same as Clause 2, Article 1. The process of drafting the draft was implemented according to the simplified procedure, based on the direction of the Prime Minister in Official Dispatch No. 3673/VPCP-KTTH. The Ministry of Industry and Trade presided over and coordinated with relevant ministries and branches, organized the collection of comments, received the appraisal of the Ministry of Justice and completed the draft to submit to the Government.
In terms of structure, the draft Decree consists of 2 articles: Article 1 amends and supplements Point g, Clause 2, Article 4 of Decree 72; Article 2 stipulates the effective date. The notable point is the proposal to allow calculation and allocation into electricity prices of previously uncompensated electricity production and supply costs.
Source: https://baolaocai.vn/evn-kien-nghi-cho-phep-tinh-khoan-lo-hon-44700-ty-dong-vao-gia-ban-le-dien-binh-quan-post879813.html
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