24h Economy: No peak hour electricity prices yet applied, reason for doubled electricity bills

Hạ Linh |

The number of hours of electricity use remains unchanged, electricity bills still increase sharply; Ministry of Industry and Trade informs about goods not yet reduced according to gasoline prices;...

Electricity industry explains why the number of hours of electricity use does not change, bills still increase

Many households reflected that electricity bills in June increased sharply, in some cases 2-3 times compared to the previous month. According to EVNNPC, the main reason is prolonged hot weather causing demand for cooling equipment to increase, bringing the capacity and electricity consumption in the North to a record level.

The electricity industry said that although the air conditioner's usage time does not change, electricity consumption can still increase because the device has to operate at a higher intensity when the outdoor temperature is high. In addition, students are on summer vacation, many electrical devices are used simultaneously and the installation of air conditioners at low temperatures, unclothed rooms or unsanitary equipment also causes electricity consumption to increase significantly. See more...

Ministry of Industry and Trade informs about goods not yet reduced according to gasoline prices

The Ministry of Industry and Trade said that currently E10 RON95 and E5 RON92 gasoline are two bio-gasoline items whose prices are regulated, of which E10 RON95 gasoline accounts for about 94-95% of consumption output. Due to different market demands, not all stores sell all types of gasoline and the selling prices between types may be different.

Thực hiện chỉ đạo của Chính phủ và Thủ tướng Chính phủ, Bộ Công Thương đã triển khai đồng bộ các giải pháp điều hành nhằm ổn định giá xăng dầu, góp phần hỗ trợ kiểm soát lạm phát. Ảnh: Hải Nguyễn
The Ministry of Industry and Trade has synchronously implemented management solutions to stabilize gasoline and oil prices, contributing to supporting inflation control. Photo: Hai Nguyen

The Ministry of Industry and Trade is finalizing a draft new decree on gasoline and oil business in the direction of reducing administrative procedures, reducing intermediaries and reviewing business focal points. The draft will be submitted to the Prime Minister for consideration in July after consulting ministries and sectors.

Regarding the reflection that commodity prices have not decreased according to gasoline prices, the Ministry of Industry and Trade said that it only manages prices of some items such as gasoline, oil, electricity, gas, coal and steel. After the Government's direction, the Ministry has strengthened inspections of compliance with price regulations; in the first 6 months of the year, the market management force conducted 1,202 inspections and fined more than 1.3 billion VND for violations of listing and selling at the right prices. See more...

Hanoi handles nearly 2,900 cases of smuggling and counterfeit goods in the first half of 2026

In the first 6 months of 2026, the Hanoi Market Management force inspected 2,992 cases, handled 2,864 cases of smuggling, trade fraud and counterfeit goods; transferred 43 cases with criminal signs to the investigating agency. The total amount paid to the budget reached more than 56.6 billion VND, the value of confiscated and destroyed goods was nearly 47.8 billion VND.

According to the Hanoi Market Management Department, violators are increasingly taking advantage of social networks, e-commerce platforms and online sales platforms to consume goods.

Transactions, payments and transportation through many intermediaries make the work of detecting, collecting evidence and handling difficult. See more...

Thanh Hoa promotes progress in building national crude oil reserves

Thanh Hoa Provincial People's Committee requests departments, branches and the Nghi Son Economic Zone Management Board to coordinate with Vietnam National Group of Industry and Energy (Petrovietnam) to accelerate the plan to build a national crude oil reserve and central LNG warehouse in Nghi Son Economic Zone.

Previously, at a meeting on building a strategic crude oil reserve in Nghi Son, the Prime Minister directed Petrovietnam to preside over and coordinate with relevant agencies and Thanh Hoa province to immediately build a crude oil reserve in Nghi Son, both directly serving the Nghi Son Refinery and Petrochemical Plant and serving national reserves; Thanh Hoa Provincial People's Committee to carry out site clearance.

The project is expected to strengthen national energy security, improve strategic reserve capacity, and create momentum for the development of industry, seaport services and logistics in Thanh Hoa. Petrovietnam is the new name of Vietnam Oil and Gas Group from April 2025. See more...

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People reflect strong increase in electricity bills in June

Anh Tuấn |

Many households reflect that electricity bills in June increased sharply. The electricity industry believes that prolonged heat has caused consumption to increase sharply.

If electricity prices are applied during peak hours, people's electricity bills may increase

Tuyết Lan |

Most of the electricity demand of households is concentrated in the evening, right at the time proposed by the Ministry of Industry and Trade to apply peak hour electricity prices.

Workers tighten spending due to electricity bills

Phương Hân |

During prolonged heat waves, many worker families have to save every hour to turn on air conditioners to reduce the pressure of electricity bills.