EN
Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam
Abstract
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).
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
June 1, 2017
Submission Date
June 1, 2017
Acceptance Date
-
Published in Issue
Year 2017 Volume: 7 Number: 2
APA
Ha, N. M., & Hoang, N. D. (2017). Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam. International Journal of Energy Economics and Policy, 7(2), 185-192. https://izlik.org/JA75JE48GH
AMA
1.Ha NM, Hoang ND. Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam. IJEEP. 2017;7(2):185-192. https://izlik.org/JA75JE48GH
Chicago
Ha, Nguyen Minh, and Nguyen Duy Hoang. 2017. “Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam”. International Journal of Energy Economics and Policy 7 (2): 185-92. https://izlik.org/JA75JE48GH.
EndNote
Ha NM, Hoang ND (June 1, 2017) Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam. International Journal of Energy Economics and Policy 7 2 185–192.
IEEE
[1]N. M. Ha and N. D. Hoang, “Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam”, IJEEP, vol. 7, no. 2, pp. 185–192, June 2017, [Online]. Available: https://izlik.org/JA75JE48GH
ISNAD
Ha, Nguyen Minh - Hoang, Nguyen Duy. “Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam”. International Journal of Energy Economics and Policy 7/2 (June 1, 2017): 185-192. https://izlik.org/JA75JE48GH.
JAMA
1.Ha NM, Hoang ND. Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam. IJEEP. 2017;7:185–192.
MLA
Ha, Nguyen Minh, and Nguyen Duy Hoang. “Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam”. International Journal of Energy Economics and Policy, vol. 7, no. 2, June 2017, pp. 185-92, https://izlik.org/JA75JE48GH.
Vancouver
1.Nguyen Minh Ha, Nguyen Duy Hoang. Applying the CAPM Model in Identifying the Electricity Retail Price in Ho Chi Minh City, Vietnam. IJEEP [Internet]. 2017 Jun. 1;7(2):185-92. Available from: https://izlik.org/JA75JE48GH