Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam

Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam

This paper applies the Capital Asset Pricing Model (CAPM) model to calculate the expected return rate equivalent to electricity retail price in Ho Chi Minh City, with observed 1,464 hours of Ho Chi Minh city Power Corporation. The study suggests the model of calculate the electricity retail price so that government has more tools to adjust the electricity prices in electricity market, and recommends an electricity retail price list of 12 levels, with the minimum sale price of 965VND/kWh and maximum sale price of 1,675VND/kWh. Specifically, with current electricity sale price of 1,447VND/kWh, the Ho Chi Minh city Power Corporation reaches the highest return rate of 11.7% and the return rate fluctuates from -12% to 11.7% (price of 1,447VND/kWh with rf=6%). The sensitive analysis shows that from rf=12% above, the return rate always reaches the maximum point at price of 1,313VND/kWh (It is an average cost to produce 1kWh).
International Journal of Energy Economics and Policy-Cover
  • Başlangıç: 2011
  • Yayıncı: İlhan ÖZTÜRK
Sayıdaki Diğer Makaleler

Economic Appraisal of the Program of Diagnostics of Main Gas Pipelines

Miroslava Gennadevna GLUKHOVA, Aleksandr Andreevich ZUBAREV

Evaluation of the Role of Renewables Consumption on Economic Growth of the U.S. Regions

Svetlana V. BEKAREVA, Ekaterina N. MELTENİSOVA, J. G. Abo GSYSA

Improvement of the Methodology for the Justification of Retail Prices for Oil Products

Olga Viktorovna Lenkova

Implementation of the Regional Investment Project of Energy Efficiency Increase of the Enterprise of Belgorod (According to Belvodokanal GUP)

Anna Mihailovna KULİK, Natalja Anatoljevna GERASİMOVA, Yana Yurievna BONDAREVA, Anna Nikolaevna KOGTEVA, Nadezhda Sergeevna Borzenkova

The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries

Mustapha Ben HASSİNE, Nizar HARRATHİ

Environmental Performance Versus Economic-financial Performance: Evidence from Italian Firms

Francesca Di PİLLO, Massimo GASTALDİ, Nathan LEVİALDİ, Michela MİLİACCA

The Impact of Energy on Global Economy

Henri SAFA

Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach

Alí AALİ-BUJARİ, Francisco VENEGAS-MARTÍNEZ, Alfredo Omar PALAFOX-ROCA

The Role of Innovative Decisions in the Development of Oil and Gas Companies

Irina Vladimirovna Andronova, Irina Vladimirovna Osinovskaya

Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam

Nguyen Minh HA, Nguyen Duy HOANG