At the US-Vietnam Clean Energy Conference this thursday many delegates have pushed for clean energy within the state. They argued that the nation is already perfect for clean energy due to its near constant sunlight and ocean winds. The reason that Vietnam cannot begin developing into renewable sources of energy is their price controls on energy.
The country has a price ceiling of around 7 cents per kilowatt hour on energy prices. This low rate has made renewable energy not feasible for electricity companies. They feel as though the price needs to be nearly doubled to make up for the costs of switching over. Unfortunately, Vietnam cannot raise the price so dramatically because the government feels that this would cause a backlash in Vietnam.
To deal with that problem the Vietnamese policy makers are trying to find a compromise number to satisfy all parties involved. At the same time Vietnamese officials are creating regulations to encourage waste generated sources of energy.
How do you think that outside groups can influence this stalemate?
Source: http://www.voanews.com/content/vietnam-faces-uphill-battle-renewable-energy/2771236.html
The country has a price ceiling of around 7 cents per kilowatt hour on energy prices. This low rate has made renewable energy not feasible for electricity companies. They feel as though the price needs to be nearly doubled to make up for the costs of switching over. Unfortunately, Vietnam cannot raise the price so dramatically because the government feels that this would cause a backlash in Vietnam.
To deal with that problem the Vietnamese policy makers are trying to find a compromise number to satisfy all parties involved. At the same time Vietnamese officials are creating regulations to encourage waste generated sources of energy.
How do you think that outside groups can influence this stalemate?
Source: http://www.voanews.com/content/vietnam-faces-uphill-battle-renewable-energy/2771236.html
