ASEAN KEY DESTINATIONS
Power market regs to be ready by 2017
The creation of regulations to oversee the competitive wholesale power market are to be completed by June 2017.
Director of the Electricity Regulatory of Vi?t Nam, Nguy?n Anh Tu?n, 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,” Tu?n stressed.
Tu?n noted that the ministry asked Electricity of Vi?t 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 Tu?n.
Tu?n also said that developing staff who have knowledge about competitive power markets was necessary.
Tu?n added that competitive power generation markets had been in operation in Vi?t 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/Q?-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.
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below