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The Ministry of Industry and Trade has just issued Decision No. 1882/QD-BCT dated July 23, 2026 on approving the electricity generation price framework applicable to the type of combined cycle gas turbine thermal power plant using natural gas in 2026. Download Nhon Trach 3.4 Thermal Power PlantThis decision was issued on the basis of the Electricity Law dated July 1, 2026. November 30, 2024; Decree No. 40/2025/ND-CP dated February 26, 2025 of the Government regulating the functions, tasks, powers and organizational structure of the Ministry of Industry and Trade (amended and supplemented by Decree No. 109/2025/ND-CP and Decree No. 193/2025/ND-CP); together with Circular No. 09/2025/TT-BCT dated February 1, 2025 of the Minister of Industry and Trade stipulating documents, order, procedures, and methods of determining and approving the electricity generation price frame and electricity import price frame. The Decision is considered for issuance at the request of the Vietnam Electricity Group in document No. 2594/EVN-KDMBD dated May 11, 2026 and the request of the Director of the Electricity Department. According to the provisions of Article 1 of the Decision, the 2026 electricity generation price frame applies to combined cycle gas turbine thermal power plants using natural gas (stipulated in point a, clause 2, Article 1 of Circular No. 09/2025/TT-BCT) ranges from 0 to 3,410.64 VND/kWh (excluding value added tax). In particular, the maximum price (ceiling price frame) approved is 3,410.64 VND/kWh. The Ministry of Industry and Trade also announced details of the basic parameters used to calculate the maximum price of this electricity generation price frame. Specifically, the net capacity of the standard power plant as a basis for calculation is 1,008,104 kW; The net heat consumption rate at 85% load is 6,542.96 BTU/kWh. Regarding fuel parameters, the main fuel price (natural gas) is calculated at 11.98 USD/million BTU; The cost of transporting the main fuel to the factory is 1.87 USD/million BTU. The conversion rate applied in the calculation plan is 26,378 VND/USD. The Ministry of Industry and Trade assigns Vietnam Electricity Group and power generation units to base on the approved power generation price framework to negotiate and sign power purchase contracts. The agreement and signing process must strictly comply with the regulations on the method of determining the price of electricity generation services issued by the Ministry of Industry and Trade. Anh Tho See moreCompleting the mechanism for the LNG gas power project: Ensuring output but not putting pressure on electricity prices See moreNhon Trach 3 and 4 Plants: Pioneering milestones of LNG gas power in Vietnam See morePutting into operation Hiep Phuoc LNG Gas Power Plant Project in 2027Ref moreNeed 300 sets of standards before making the first made in Vietnam electrified railway See morePress information on new regulations on the mechanism for developing gas-fired power projects
