The retail electricity price may increase continuously, which would put a heavy burden on households and businesses, since MOET plans to give more power to the Electricity of Vietnam (EVN) in defining the electricity price.

It is expected that the electricity price needs to be raised by 40 percent by the end of 2015 in order to offset the losses EVN incurs when it has to sell electricity at the prices lower than the production costs.

Power companies all have reported big profits for 2012 with the profits up by 1.5-4 times in comparison with the last year. Meanwhile, the Electricity of Vietnam (EVN) expects the profit of VND3.5-4 trillion.

VietNamNet Bridge – Experts have found out a lot of problems in the power development program No. 7. The one designed for the socio-economic period from now to 2020.