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Vietnam proposes amendments to electricity law

Vietnam‘s Ministry of Industry and Trade has drafted a new electricity law to establish a legal framework supporting the development of a modern, interconnected, and efficient power market while prioritizing national energy security. The proposed amendments aim to address gaps in power development regulations, improve coordination among ministries, and overcome challenges in bringing electricity investments to remote areas. A key focus of the draft law is on refining electricity pricing policies. The goal is to…

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5. How Electricity Pricing Works: Unveiling the Factors Behind Your Power Bill

Have you ever wondered why your electricity bill changes or why prices can seem so unpredictable? From how power is generated to who decides the rates you pay, a lot is going on in the background. Let us dive into how it all works, so that the next time you see your bill, you will know exactly what is behind those numbers. Who Decides What You Pay? The Role of Regulators and Market Players Electricity…