Electricity market on the horizon
VGP – The Government chief has signed a decision on roadmap, conditions and structure to formulate and develop an electricity market in Viet Nam.
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The second phase will focus on competitive power trading which will be piloted in 2015-16 before coming into being in 2017-21.
In the third phase, a competitive retail sale power market will be operating on a trial basis in 2021-23 and officially run from 2023.
The Ministry of Industry and Trade is responsible for building and submitting a project to restructure the power sector to realize development phases of the power market. It is asked to direct the implementation of the roadmap.
The Ministry of Planning and Investment is in charge of working with the Ministry of Finance to allocate enough capital for the process.
Meanwhile, the Electricity of Viet Nam (EVN) has to invest and perfect necessary infrastructure for the operation of the competitive power market.
According to the decision, EVN’s power generating corporations and plants (excluding large-scale ones which play an important role in socio-economic, national defense and security) will no longer connect with power trading, transmission and regulatory units.
The decision will come into force on December 25, 2013./.
By Kim Loan
