New regulations on wholesale electricity prices for industrial clusters

LEGAL UPDATES

New regulations on wholesale electricity prices for industrial clusters

According to the newly issued provisions of Circular 06/2021/TT-BCT amending Circular 16/2014/TT-BCT stipulating the electricity selling prices, wholesale electricity prices for industrial clusters (CCNs) will be applied from September 25th,  2021 as follows:

  • The wholesale price of electricity at the 110 KV busbar of the 110 KV CCN substation is applied where electricity retailers buy wholesale electricity at the 110 KV busbar of the CCN (the 110 KV substation invested by the buyer) to retail to customers using electricity in the CCN;    
  • The wholesale price of electricity at medium-voltage busbars of 110 KV substations or at branching points of medium-voltage lines into CCNs is applied where electricity retailers buy wholesale to retail electricity for customers to using electricity in the CCN on the medium voltage side;
  • The wholesale price of electricity sold by the electricity company to the electricity retailers on the medium-voltage side of the low-voltage substations is equal to the retail price of electricity applied to the manufacturing industries at the corresponding medium-voltage level.

The above is a newly issued regulation and officially takes effect from September 25th, 2021.

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This legal update is for general information only and is not a substitute for legal advice.