The Ministry of Industry and Trade has just issued a decision approving the electricity generation price framework applicable to solar power plants in 2025

The new point is that this price frame takes into account factories with battery storage systems and is calculated according to separate regions.

Specifically, for ground-mounted solar power plants without battery storage systems, the maximum price (excluding VAT) for the Northern region is 1,382.7 VND/kWh; the Central region is 1,107.1 VND/kWh; the South is 1,012 VND/kWh.

For floating solar power plants without battery storage systems, the maximum price (excluding VAT) for the Northern region is 1,685.8 VND/kWh; the Central region is 1,336.1 VND/kWh; the South is 1,228.2 VND/kWh.

For ground-mounted solar power plants with battery storage systems, the maximum price (excluding VAT) for the Northern region is VND 1,571.98/kWh; the Central region is VND 1,257.05/kWh; the South is VND 1,149.86/kWh.

For floating solar power plants with battery storage systems, the maximum price (excluding VAT) for the Northern region is VND 1,876.57/kWh; the Central region is VND 1,487.18/kWh; the South is VND 1,367.13/kWh.

In addition, the parameters of the electricity storage system (battery storage system) used to calculate the maximum price of the electricity generation price frame for the type of solar power plant with a battery storage system are as follows:

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Capacity: Minimum 10% of solar power plant capacity.

Storage/discharge time: 2 hours.

Charging power output ratio: 5% of solar power plant output.

This Decision comes into force from the date of signing.

Currently, the electricity generation price framework for renewable energy plants is implemented according to regulations issued from 2023. According to some renewable energy investors, the price framework mechanism as proposed by Vietnam Electricity Group EVN is lower than the current price, so it is not attractive enough.

Especially when the proposed price is in VND, while the investor borrows in USD to import equipment, determining the price in VND can pose risks to the investor, especially in the context that many projects are at risk of retroactive electricity prices due to the lack of a certificate of completion acceptance from a competent state agency (CCA).