► With the continued increase proposed coal prices for electricity to keep electricity prices as it is now very difficult ...
The ability to increase electricity prices in seventh unlikely to occur.
Electricity of Vietnam (EVN) no formal proposal to increase electricity prices, while the new draft decision of the Ministry of Industry and Trade regulations on tariff structures retail still awaiting approval.
Therefore, the ability to increase the price of electricity seventh unlikely to occur. However, with further proposals to increase coal prices to keep the electricity sector, the current price of electricity is very difficult.
Electricity prices have not increased somewhat "reassuring" the spirit of the people as well as producers. However, from the fact of the increased time ago showed that electricity prices are not always the story ending.
Electricity prices are still waiting ... increase
Since 24/2011/QD-TTg Decision dated 15/4/2011 of the Prime Minister adjusting regulations on electricity prices in the market mechanism allows adjustment EVN electricity prices by 5% increase or decrease processing of the basic input parameters (including fuel prices, exchange rates and the structure of output power play ...) than the parameters used to determine the current electricity price, the duration of electricity price adjustment between two consecutive occasions at least 3 months.
In the last 6 months of 2012, EVN had 2 times the electricity price increase.
Specifically, on 1/7, the average selling price is 1,369 VND / kWh (excluding VAT), up 65 dong / kWh (5%) compared with the average selling price is applied is 1,304 VND / kWh. Then, on 22/12, the average selling price is 1,437 VND / kWh (excluding VAT), up 68 dong / kWh (5%) compared with the average selling price is applied is 1,369 VND / kWh .
Even in early 2013, EVN has issued a warning drought situation in the central region and the lack of air capacity can cause EVN to raise 1.8 to 2.4 billion kWh of electric power and oil to ensure for the South .
If this happens, will be compensated at the rate of about 10,000 and in accordance with certain losses due to spill generator will be allocated to the cost of electricity to calculate the price adjustment in the next time. This concern appears more electricity will increase at the end of March. But thankfully, since that electricity prices remain stable, without any increase once more.
However, the possibility of a new electricity price increases in 2013 can still occur. Currently the Ministry of Industry and Trade in cooperation with the Ministry of Finance to consider further adjustments to increase the price of coal sold to the power sector to offset the cost of coal production in 2013. If in the future, this decision is adopted, it will be time to adjust the second coal price for electricity since the beginning of 2013 until now.
Thus, the continued rise of coal sold to the power sector will cause production costs of thermal power plants increased, especially during the dry months.
Earlier, on 20.04.2013, the price of coal sold to power producers have officially been increased by 27%, raising the price of coal for electricity by 100% of the coal production in 2011 and by 84-87% cost coal production in 2013. Meanwhile, in the quarter 1/2013, coal production for electricity sales reached 4 million tons, accounting for more than 50% of domestic coal consumption.
Coal price hike electricity price increases surely drag
With the price of coal has increased by 27% making the cost of production of each power plant added hundreds of billions of dong.
Specifically, the Company Limited Uong Bi thermal power, consumes about 2 million tons of coal / year. With coal prices before the 20/4 is approximately 1 million / ton, this increased to nearly 1.3 million / ton.
Therefore, only purchase fuel input, the cost per year of Uong Bi thermal power increase of about 600 billion. Ninh Binh Thermal coal consumption of about 500,000 tons / year, but with an increase of the current coal price, electricity production costs of the company annual increase of about 150 billion.
Thus, only two thermal power plants mentioned above, the cost was in the hundreds of billion, which is also not to mention dozens of other power plants, the pressure on the ability of the sector financial balance Power is great.
Even in the last few months, quite severe drought in the central region and the Central Highlands also made EVN to focus maximum power extraction and thermal coal gas.
EVN said that coal accounts for about 70% of the coal, while the rate coal accounts for about one quarter of the power structure development, if coal prices rise will certainly affect electricity prices.
According to EVN, though, rising coal prices are causing financial pressure on the power sector, but EVN still calculating specific electricity price adjustment is due to power not only based on price but also on coal on many other factors such as fuel prices, other input, output power structures, foreign exchange ... as well as the monthly recurring 24/2011/QD-TTg Decision of the Prime Minister and the Circular of the Ministry of Industry and Trade 31/2011/TT- BCT regulations governing the electricity price in the basic input parameters. After calculation, if necessary, will have to adjust to the report, also present, EVN no specific plan about cost.
In this difficult time, the economists said that the electricity price adjustment should be considered, careful calculation, otherwise will affect life and business.
In case if electricity prices also rose 5%, the CPI increased by only less than 1%, but will have significant impacts, business can go bankrupt due to rising input costs while not increasing prices.
However, in the long term, Vietnam's electricity demand is very large, while domestic plants to meet electricity demand, if the delay electricity price increase will be difficult to attract the domestic and foreign investors to participate in the electricity sector, because this is one of the important factors that are decisive.
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