Ready for launching competitive power generation market
15:08 | 30/05/2012

VGP – Vietnam have finalized preparations for launching the competitive power generation market on July 1, officials said.

The market will consist of two main components such as power contract market and prompt power delivery market, said Mr. Ngo Son Hai, Director of the National Load Dispatch Center.

All electricity output will be sold to wholesale corporations.

A competitive electricity market aims to ensure competition in power production and pricing, improve efficiency and attract more funding for power generation.

As the power generation market becomes more developed, customers will have more opportunities to select power providers.

The market will operate under the model of a cost-based pool in which power producers have the right to offer power prices based on the market.

By Kim Loan

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