Exporting domestic waste overseas - more than waste converting Vietnam's energy to neutralizing CARBON
- 179
- Business
- 23:51 15/06/2023
DNHN - One of the keys to converting Vietnam's energy to neutralizing CARBON and reducing emissions is the potential of renewable energy sources, especially wind and solar power.
Electricity pulsation and how to operate jerky
EVN recently held a conference to launch the "Strengthening Propaganda to Raise People's Awareness of Saving Electricity" campaign.
Beginning in May 2023, the average retail price of electricity increased by 3% to 1,920,3732 VND per kilowatt-hour (excluding VAT). This was done after EVN had long complained of numerous difficulties, including substantial losses as input costs for electricity production and business grew.
And after less than one payment cycle for electricity, EVN recently proposed allowing the retail price of electricity to be adjusted in September 2023.
According to EVN, to maintain financial stability and offset the additional costs incurred due to high input costs, EVN proposes to continue increasing electricity prices.
Since 2010, EVN has increased electricity prices eight times, from 1,058 VND/kwh (in 2010) to 1,864.44 VND/kwh (in 2019), and continues to report losses and propose an increase. the electricity cost.
No need to educate people on energy conservation for a very long time!
Electricity conservation is a top priority for all households and businesses. If you do not save money, you will not pay when EVN calculates the ladder type; however, the more you use it, the higher the cost. The power was cut off due to late payment of the electricity bill; if you want the power to be restored, you must pay a fee and complete numerous procedures.
For businesses to remain competitive in today's difficult and stressful economic climate, they will incorporate the cost of electricity into product prices. People have limited access to electricity due to their meager resources, as no one but themselves is required to pay for electricity, but no one gives it.
Need to be objective - to be fair, the people are not to blame for the lack of electricity because they are the customers. The vast majority of Vietnamese people continue to live in abject poverty, and tens of thousands of workers have been laid off, so there is no justification for "wasteful" spending. Increasing inflation creates numerous problems for businesses. Several members of the National Assembly were dissatisfied that thousands of megawatts (MW) of wind and solar power could not be generated on the grid while Laos imported electricity from China. Laos is extremely wasteful, and the responsibility must be clarified.
According to delegate Le Thanh Van, wind and solar power in Vietnam have many benefits, but they were only recently included in Power Plan 8. Power Plan 7 includes several wind and solar power projects that are currently under construction. Legal basis issues that prevent connection to the power grid. Vietnam is recognized as a wind and solar energy powerhouse, so why is it still imported? Some companies must close and reopen to maintain their technology but are unable to connect to the network. Are you sad?
The management agency should have clearer written instructions so that procedures can be streamlined and conditions created for investors to quickly generate electricity. Any conditions in Circular 15 that cause investors difficulty should be eliminated. Whether the ceiling price is adjustable or not, the ceiling price calculation must also be clarified.
According to investors, they must wait more than two years for a new electricity generation price mechanism, which will serve as the basis for electricity price negotiations with EVN. With this price bracket, the actual selling price of electricity for transitional projects, after negotiation, will be less than or equal to the bracket's ceiling. Investors in renewable energy are concerned about legal inadequacies and low financial efficiency, which "bloat" businesses. Approximately 85,000 billion Vietnamese Dong have been invested in 34 renewable energy projects, of which 58,000 billion are bank loans. Failure to rescue in time will not only result in colossal waste while the entire nation experiences severe electricity shortages but will also cause RE investment enterprises to fail, resulting in unpredictability.
Phuong Anh
Related news
- The potential of the blockchain and cryptocurrency
- Electricity price hike and the long-term energy dilemma
- Institutional obstacles "tie up" enterprises and challenge economic growth
- Vietnam stands poised to seize opportunities in the semiconductor industry
- Southeast enterprises integrate renewable energy into production
- ‘'Bầu Đức'’ and the banana revolution at Hoang Anh Gia Lai
- Foxconn expands investment with additional $80 million for chip production in Bắc Giang
- The National Assembly supports strong decentralization in public investment
- Dr. Nguyễn Văn Thân, Chairman of Vinasme: The 15-17% preferential tax rate fails to truly support small and micro enterprises
- Real estate capital faces risks from credit to bonds
- Vietnam emerges as a new hub in the global semiconductor industry
- Foreign investment: A key driver of Vietnam's economic growth
- Draft resolution on commercial housing: A new opportunity for the real estate market
- VINASME Championship SHB Cup 2024 Golf Tournament: Business leaders shine with elite swings
- Numerous policies supporting businesses in opening shipping routes through Nghi Sơn Seaport
- Removing the "bottleneck of bottlenecks" to unlock production capacity and tap into all development resources
- What can be learned from VinFast's success after becoming the best-selling car brand in Vietnam?
- Renewable energy: Opportunities and challenges for the NetZero 2050 goal
- What should real estate businesses do during a recession cycle?
- Clear legal framework needed to regulate online pharmaceutical business
Đọc thêm Business
Electricity price hike and the long-term energy dilemma
With EVN's third price hike since 2023, rising electricity costs burden households and industries. Experts warn that sustained losses threaten future power projects, urging reforms to boost investment and ensure energy security.
Vietnam stands poised to seize opportunities in the semiconductor industry
In the context of a rapidly evolving global economy driven by digitalization, the semiconductor industry has emerged as a key strategic pillar.
Pilot project for commercial housing to expand land use rights
The National Assembly Standing Committee has submitted a pilot project on commercial housing through land use rights agreements for National Assembly consideration, aiming to unlock resources.
The National Assembly supports strong decentralization in public investment
The National Assembly has approved a policy of decentralization in public investment management, demonstrating a commitment to economic development and creating opportunities for local governments to mobilize resources.
Assoc. Prof. Dr. Tran Kim Chung: The 1987 Land Law laid the foundation for the real estate market
Assoc. Prof. Dr. Tran Kim Chung, former Deputy Director of the Central Institute for Economic Management, states that the 1987 Land Law laid the groundwork for the development of the real estate market.
Bank interest rates on 31st October: Major players compete fiercely
Bank interest rates have been highly volatile, with one bank making its second rate adjustment in the month as of October 31, 2024, underscoring the competitive landscape.
Amendment of the PPP Law: A new direction to unlock investment resources
To address obstacles in investment through the PPP model, the Ministry of Planning and Investment has submitted a proposal to amend the PPP Law, creating a more favorable legal framework for investors.
Real estate capital faces risks from credit to bonds
Amid global economic turbulence, the real estate market faces significant risks from bank credit and corporate bonds.
Foreign investment: A key driver of Vietnam's economic growth
In the face of global economic fluctuations, attracting foreign direct investment (FDI) has become a bright spot for Vietnam.
Draft resolution on commercial housing: A new opportunity for the real estate market
Amid the challenges facing Vietnam’s real estate market, the addition of a Draft Resolution piloting commercial housing projects brings renewed hope to citizens and promises to boost economic development.