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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