EVN to lose more than 21,800 billion VND in 2023

Cường Ngô |

In 2023, EVN's electricity production and business results will be a loss of more than VND 21,800 billion, excluding exchange rate differences.

The Ministry of Industry and Trade has just announced the results of an inspection of electricity production and business costs of Vietnam Electricity Group (EVN).

According to the Ministry of Industry and Trade, the total cost of electricity production and business in 2023 is VND 528,604.24 billion, including electricity production and business costs of power generation, power transmission, electricity distribution - retail and industry support - management, an increase of VND 35,338.94 billion (equivalent to an increase of 7.16%) compared to 2022.

The cost of electricity production and business in 2023 is VND 2,088.90/kWh, an increase of 2.79% compared to 2022.

The total cost of power generation is VND 441,356.37 billion, corresponding to the cost of power generation according to commercial electricity of VND 1,744.12/kWh; compared to 2022, the cost in 2023 increased by VND 29,112.84 billion.

The total cost of electricity transmission is 18,879.15 billion VND, corresponding to the cost of electricity transmission according to commercial electricity of 74.61 VND/kWh.

The total cost of electricity distribution and retail is 66,773.11 billion VND, corresponding to the cost of electricity distribution and retail according to commercial electricity of 263.87 VND/kWh.

The total cost of the industry's support and management is 1,595.60 billion VND, corresponding to the cost of the industry's support and management according to commercial electricity of 6.31 VND/kWh.

The total compensation for electricity production and business costs in island communes and districts not yet connected to the national grid is 428.54 billion VND.

Meanwhile, the commercial electricity output in 2023 is 253.05 billion kWh, an increase of 4.26% compared to 2022. Revenue from commercial electricity sales in 2023 is VND 494,359.28 billion, an increase of 8.18% compared to 2022. The average commercial electricity selling price is VND 1,953.57/kWh, an increase of 3.76% compared to 2022.

The above figures show that EVN's electricity production and business results in 2023 were a loss of VND 34,244.96 billion. However, the income from activities related to electricity production and business in 2023 was VND 12,423.40 billion. As a result, the loss decreased to VND 21,821.56 billion (excluding income from other production).

According to the inspection results, the amounts not yet accounted for in the cost of electricity production and business in 2023 are about VND 18,032.07 billion, including the remaining exchange rate difference (CLTG) implemented according to the power purchase and sale contracts of the remaining power generation units in 2019 and the CLTG according to the power purchase and sale contracts for the years 2020-2023.

Cường Ngô
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