No change in electricity price in short term: deputy minister

Hai added that oil-fuelled generation of electricity accounts for less than 1% of total output so fluctuating oil prices do not impact electricity prices. 

Speaking at the Government’s regular press briefing on January 29, the deputy minister also said the ministry has not received any proposal on the matter from the Electricity of Vietnam. 

According to the deputy minister, the electricity sector is forecast to face many difficulties this year, as the El Nino phenomenon has caused water shortages for many hydropower plant reservoirs. He said the total water volume at the reservoirs is about 6.5 billion cu.m less than normal, while they still have to supply water for downstream localities. 

The official assured, however, that except for extraordinary weather change, the electricity sector will be able to ensure electricity supply for both consumption and production.