Vietnam to start electricity market in 2011

• 14 years ago (2010-06-03)
• David Flin

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Vietnam’s Deputy Prime Minister Hoang Trung Hai has said that the country must establish a competitive electricity market to guarantee cost savings, and has ordered the Ministry of Industry and Trade to issue the necessary regulations to set up such a market.

He said that a competitive market, to be set up on a pilot basis by 2011, should ensure savings in generation, transmission and distribution, ensuring reasonable prices for consumers. The Electricity of Vietnam Group should give priority to developing the transmission network and enhancing the capability of its National Power Transmission Corporation to ensure that it can meet the needs of power companies. He also said that the information technology infrastructure required for the market should be in place by the first quarter of 2011.

The Ministry of Industry and Trade issued a circular in May 2010 on the operation of the electricity market. It said that the market will comprise companies that buy and sell electricity, generate electricity, operate the supply network, and manage the market itself. The circular also states that all power plants with a capacity above 30 MW would be required to join the market.