Ministry mulls direct power sale in Vietnam

Published onApril 24, 2019

The Ministry of Industry and Trade (MoIT) is considering allowing companies that use a lot of power to buy electricity directly from power plants. Speaking at a press meeting in Hanoi on April 5, Nguyen Anh Tuan, director of the Electricity Regulatory Authority of Vietnam (ERAV), said they have been working with international consultancy firms to study the mechanism. “The pilot implementation aims to establish the competitive retail electricity market in 2021,” Tuan said. The ministry launched the competitive power generation market in 2012 and the competitive wholesale power market at the beginning of this year. Since then, 10 percent of the country’s total power capacity has been sold to power generation firms directly.