Power system operation in Q1/2026: Expanded capacity, purchase price unchanged
• The system-wide electricity consumption in Q1/2026 increased by 6.5% YoY, and the peak load grew by 6.7% YoY, thanks to new transmission lines.• Hydropower production maintained a growth rate of 7.8% YoY due to the lingering influence of the La Niña phase. Gas-fired power generation increased by 15.5% YoY, thanks to the contribution of Nhon Trach 3&4 LNG power plant.
• The average total market price (FMP) in the quarter was flat (-2% YoY) due to abundant hydropower supply and low thermal power fuel prices. In Q2/2026, when the supply of hydropower gradually decreases and fuel costs increase, we expect FMP prices to increase accordingly, leading to the possibility that EVN will increase the retail price of electricity.
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