Competitive power market reviewed
11:57 | 09/02/2014
VGP – Deputy PM Hoang Trung Hai yesterday chaired a meeting to review the operation of the competitive power market in 2013 and develop wholesale power market in the pilot period of 2015-16.

Illustration photo

As of late 2013, 102 power plants joined the market with total output of 26,901 MW.

Up to 48 electricity plants with total capacity of 11,947 MW (or 44.4% of the national output) offered prices in the market.

A large number of experts said that after one year of operation, the competitive power market contributed to raising transparency and equality in mobilizing electricity resources; increasing competitive efficiency and cutting costs.

The competitive power market operated constantly without any interruption even during difficult time such as the blackout occurred in May, 2013 when a crane accident cut power to one-third of Viet Nam.

Deputy PM Hoang Trung Hai instructed the Ministry of Industry and Trade (MoIT) and related agencies to resolve obstacles including mechanisms and legal regulations to speed up the development of competitive power market.

Earlier, the MoIT and the Electricity of Viet Nam had submitted a roadmap to pilot the Overall Project on competitive wholesale power market from the end of 2015 to 2016. Since 2017, the competitive wholesale power market would operate fully./.

By Kim Loan    

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