Wednesday, September 28 2016

VietNamNews

Power market regs to be ready by 2017

Update: June, 15/2016 - 11:47
The creation of regulations to oversee the competitive wholesale power market are to be completed by June 2017.— Photo cafef.vn

HÀ NỘI — The creation of regulations to oversee the competitive wholesale power market are to be completed by June 2017.

Director of the Electricity Regulatory of Việt Nam, Nguyễn Anh Tuấn, said at yesterday’s conference that this was part of the efforts by the Ministry of Industry and Trade to enable the official operation of competitive power markets, which began in 2009.

“This is a prerequisite for the operation of the competitive market,” Tuấn stressed.

Tuấn noted that the ministry asked Electricity of Việt Nam (EVN) and relevant organisations to speed the construction of infrastructure systems and information technology.

Although completed legal frameworks and infrastructure systems were critical for the successful operation of competitive power markets, these two factors remained difficulties in the operation of competitive power generation markets, according to Tuấn.

Tuấn also said that developing staff who have knowledge about competitive power markets was necessary.

Tuấn added that competitive power generation markets had been in operation in Việt Nam for four years.

Since the beginning of this year, the industry and trade ministry began to test the operation of competitive wholesale power markets in a first phase, in which EVN would learn to calculate competitive market-based electricity prices.

Under the ministry’s Decision No 8266/QĐ-BTC dated in August 2015, the competitive power wholesale market will be tested during the 2016-18 period and put into official operation beginning in 2019.

Following the Government’s roadmap, the competitive power retail market will operate under a pilot implementation during the 2021-23 period, while fully competitive power retail markets would become operational by 2023. — VNS

 

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