EVN plans to launch competitive retail electricity market next year

The Vietnam Electricity (EVN) is eyeing the operation of a competitive retail electricity market in 2021 following its official run of a competitive wholesale market since 2019.

Friday, December 18, 2020 11:30

EVN plans to launch competitive retail electricity market next year ảnh 1

At the operation centre of the EVN Southern Regional Load Dispatch Center (Photo: VNA)

Hanoi (VNA) – The Vietnam Electricity (EVN) iseyeing the operation of a competitive retail electricity market in 2021following its official run of a competitive wholesale market since 2019.

The development of a competitive electricity market is along-term plan for Vietnam’s electricity sector as mandated in the 2004Electricity Law.

The details of the plan were specified in the PrimeMinister’s Decision 63/QD-TTg in 2013, which laid out the conditions andstructure of the new market. The marketplace was set to be developed in threedistinct parts – the power generation market, the wholesale market and finally theretail market.

EVN put into operation the competitive generation market in2012, attracting 32 electricity plants capable of generating 9,200 MW in totalat first. The number of participating plants has reached 99 now, whoseaccumulated capacity reaches 27,000 MW./.

VNA

#Vietnam Electricity #EVN #competitive retail electricity market #Vietnam’s electricity sector #2004 Electricity Law #wholesale electricity market #power generation market #Vietnam news Agency #vietnamplus

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