Although the competitive power generation market has operated quitesmoothly, it is not an easy job to move to a competitive power tradingmarket next year, the Vietnam Economic News has said.
Foreignexperts supposed that Vietnam will still has much work to do to have acomplete competitive power trading market after 2020.
Accordingto Dinh The Phuc, the deputy director of the Electricity RegulatoryAuthority of Vietnam under Ministry of Industry and Trade (MOIT),Vietnam will face many challenges by 2015 when it moves to a competitivepower trading market.
The reason is Vietnam is at its earlystage to develop a competitive power market and has many limitationssuch as lack of experience to develop a power trading market and poorinfrastructure regarding power plants and plans to train poweroperators.
To make good preparations for the power tradingmarket, Deputy Prime Minister Hoang Trung Hai recently asked MOIT towork out a real competitive power trading market by 2015. The DeputyPrime Minister noted that Vietnam should make cautious steps indeveloping this market based on learning experiences from othercountries to find out the most suitable model for Vietnam.
At aVietnam-Norway workshop on hydro-power and electricity market reformrecently held in Hanoi, Per Christer Lund - an electricity industryconsultant based in Singapore, said that Vietnam’s annual power growthis over 12 percent, therefore the power industry needs to be transparentand fair in its sale prices. The participants in the market must haverights to make decisions as they thoroughly know about the operation andcompetition process of the power production, distribution to offerconsumers the most competitive prices.
Sharing the same view, E.Kirkeby Garber, the Vice Chairman of SN Power Group in Southeast Asiaregion said in the near future, if Vietnam wants to develop acompetitive power trading market in a sustainable manner, the pricesmust be determined by the market and consumers accept it. Consequently,the power industry can attract more investment and develop without thegovernment’s subsidies.
Experts suggested that Vietnam needs tosimplify investment procedures and raise transparency to create aflexible power market. A development roadmap to form a competitiveretail power market including three phases is relatively suitable,however, they also warned that Vietnam needs to determine where it is ineach phase of the roadmap. The first successful step would be a cushionstep for further development in later phases.
The roadmap forVietnam’s electricity market reform offered by MOIT includes fourphases. In 2010, it allowed foreign and private investors to produce andsell electricity to the Electricity of Vietnam; forming a competitivepower generation market from 2011-2014; developing competitive powertrading market (2015-2022) and operating a competitive retail sale powermarket (after 2022).-VNA
Foreignexperts supposed that Vietnam will still has much work to do to have acomplete competitive power trading market after 2020.
Accordingto Dinh The Phuc, the deputy director of the Electricity RegulatoryAuthority of Vietnam under Ministry of Industry and Trade (MOIT),Vietnam will face many challenges by 2015 when it moves to a competitivepower trading market.
The reason is Vietnam is at its earlystage to develop a competitive power market and has many limitationssuch as lack of experience to develop a power trading market and poorinfrastructure regarding power plants and plans to train poweroperators.
To make good preparations for the power tradingmarket, Deputy Prime Minister Hoang Trung Hai recently asked MOIT towork out a real competitive power trading market by 2015. The DeputyPrime Minister noted that Vietnam should make cautious steps indeveloping this market based on learning experiences from othercountries to find out the most suitable model for Vietnam.
At aVietnam-Norway workshop on hydro-power and electricity market reformrecently held in Hanoi, Per Christer Lund - an electricity industryconsultant based in Singapore, said that Vietnam’s annual power growthis over 12 percent, therefore the power industry needs to be transparentand fair in its sale prices. The participants in the market must haverights to make decisions as they thoroughly know about the operation andcompetition process of the power production, distribution to offerconsumers the most competitive prices.
Sharing the same view, E.Kirkeby Garber, the Vice Chairman of SN Power Group in Southeast Asiaregion said in the near future, if Vietnam wants to develop acompetitive power trading market in a sustainable manner, the pricesmust be determined by the market and consumers accept it. Consequently,the power industry can attract more investment and develop without thegovernment’s subsidies.
Experts suggested that Vietnam needs tosimplify investment procedures and raise transparency to create aflexible power market. A development roadmap to form a competitiveretail power market including three phases is relatively suitable,however, they also warned that Vietnam needs to determine where it is ineach phase of the roadmap. The first successful step would be a cushionstep for further development in later phases.
The roadmap forVietnam’s electricity market reform offered by MOIT includes fourphases. In 2010, it allowed foreign and private investors to produce andsell electricity to the Electricity of Vietnam; forming a competitivepower generation market from 2011-2014; developing competitive powertrading market (2015-2022) and operating a competitive retail sale powermarket (after 2022).-VNA
