Electricity price cut for households and businesses from April

17/04/2020 02:05 PM


The Ministry of Industry and Trade on April 16 issued Document No 2698/BCT-ĐTĐL on reducing electricity price for customers due to impacts of the COVID-19 pandemic as following:

- Production firms and businesses will get a 10 per cent discount in electricity price during peak, normal and off-peak hours.

- Households with consumption of less than 300kWh a month will have their power bills cut by 10 per cent. 

- Tourist accommodation will be entitled to the same electricity prices as households and production firms.

Photo for illustration

Besides, establishments used for the concentrated quarantine or treatment of confirmed and suspected COVID-19 patients would be exempted from paying electricity bills, while those that provide medical examinations, testing and treatment for confirmed and suspected COVID-19 cases would receive a 20 per cent discount in electricity prices.

Hotels and tourist accommodation that have been used to quarantine confirmed and suspected COVID-19 patients would also be entitled to a 20 per cent price downgrade.

According to calculations, the total value of this support package for electricity consumers would be nearly VND11 trillion ($470 million), of which the amount in electricity bills saved would be VND6.1 trillion ($262.93 million) for businesses, VND2.9 trillion ($125 million) for households, VND1.8 trillion ($77.59 million) for tourist accommodation and VND100 billion ($4.3 million) for establishments taking part in the fight against COVID-19.

Electricity price reductions would be applied to bills for electricity consumption in April, May and June, or bills received in May, June and July./.

VSS