Vietnam to start electricity market in 2011

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

Africa 303 Asia 847 Australasia 51 Biomass 8 Climate change 20 Coal 274 Cogeneration 1 Concentrating solar 5 Cyber security 8 Decarbonisation 1 Decentralised energy 5 Demand side management 2 Demand side response 2 Digitalisation 10 Distributed energy 10 Distribution 108 Electric vehicles EVs 4 Emissions 57 Energy management 1 Equipment 2 Europe 1061 Gas 371 Gas engine plant 58 Gas fuel 1 Horizon 2 Hydroelectric 17 Hydrogen 53 Hydropower 111 Latin America 75 Maintenance 3 Marine 1 Metering 2 microgrid 5 Middle East 310 North America 998 Nuclear 639 Offshore wind 119 Oil 16 Operations 4 Policy 8 Regulations 3 Renewables 751 smart grid 2 Solar 243 Storage 37 substation 8 Tepco 2 Tidal 2 Toshiba 4 Transmission 181 US Senate Washington 4 Wind 239

---

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.