Vietnam Electricity (EVN) has officially announced the adjustment of the average retail electricity price according to Decision No. 1305/QΔ-EVN, with the new rate set at 2,159.9037 VND/kWh (excluding VAT), applicable from November 1, 2026.
Concurrently, on November 4, EVN also announced Decision No. 2892/QΔ-BCT by the Ministry of Industry and Trade, promulgating an appendix that details the retail electricity prices specifically for EV charging stations. Accordingly, charging costs will be clearly categorized based on voltage levels and time-of-use (TOU) periods: peak, normal, and off-peak hours.
Detailed Retail Electricity Tariff for EV Charging (VND/kWh, excluding VAT):
Regarding the time frames, based on Decision No. 963/QΔ-BCT (issued previously on April 22, 2026), daily electricity usage is specifically divided as follows:
- Peak Hours (5 hours/day): 17:30 β 22:30 from Monday to Saturday. There are no peak hours on Sunday.
- Normal Hours (13 - 18 hours/day): 06:00 β 17:30 and 22:30 β 24:00 from Monday to Saturday. Sunday extends from 06:00 β 24:00.
- Off-peak Hours (6 hours/day): 00:00 β 06:00 applicable to all days of the week.
According to a representative from the Ministry of Industry and Trade, the EV charging customer group is currently subject to a rate positioned between the manufacturing electricity price and the commercial electricity price. This mechanism aims to encourage customers to proactively shift their charging times to off-peak hours, thereby contributing to effective load reduction for the national power grid.
Source: VietNamNet.
Impact of the New Tariff on the EV Charging Station Market
The issuance of a specialized electricity tariff brings a long-term cost advantage, but simultaneously alters the usage habits of EV drivers:
Optimizing Overnight & Weekend Charging Costs: The fact that charging stations are not subject to standard commercial service rates helps stabilize base costs. Notably, the off-peak rate (from 00:00 - 06:00) drops to only 1,534 - 1,620 VND/kWh, creating ideal conditions for AC charging stations at apartment complexes or overnight parking lots. Furthermore, the complete absence of peak hours on Sundays presents a golden opportunity for users to fully charge their batteries at the most economical cost.
The Rush Hour Challenge: Conversely, input costs during the 17:30 β 22:30 time frame surge to 3,758 β 4,212 VND/kWh. This is inherently a period of massive charging demand after working hours. To secure profit margins, operators will have to implement real-time Dynamic Pricing mechanisms. This implies that users need to start familiarizing themselves with smart vehicle charging planning, avoiding peak load periods to prevent inflating their personal operational costs.
