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Staff at the Hanoi's Bac Tu Liem power company inspect a transformer station
(Photo: VNA)
In the document, dated April 1, the ministry proposed that in the April – June
period, the price of electricity for household consumption of up to 300kWh be
cut by 10 percent. By so doing, it will suffer a loss of 2.930 trillion VND
(about 124 million USD).
A cut of the same level was also proposed for production and business customers
which will set the ministry back by 6 trillion VND. As for the accommodation
customers, the electricity price for them will be reduced to that of the
production households and this will lead to a loss of 1.8 billion VND for the
ministry.
Besides, it also proposed the exemption of electricity costs for concentrated
quarantine and treatment establishments related to the COVID-19, the total
losses from which will amount to 100 billion VND.
As a result, the ministry’s revenue this year from the sale of electricity will
fall by nearly 11 trillion VND.
It said cost-saving measures will be applied within the ministry to help offset
the losses.
Source: VNA
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