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MoIT issued Design of the Competitive Power Bulk Market

MoIT issued Design of the Competitive Power Bulk Market - 

Ministry of Industry and Trade (MoIT) has issued the Decision No. 8266/QD-BCT, dated 10/8/2015 on approving detailed design for the Competitive Power Bulk Market.

Accordingly, the sellers as all power plants with an over 30MW capacity are compelled to participate in the power market. The hydropower plants with the capacity of 30 MW are allowed to participate in the power market when they satisfy the conditions of the infrastructure.

Besides, the BOT power plants and multipurpose hydropower plants participate by directly or indirectly making price offers.

The import power sources, solar PV, wind power, geothermal plants and hydroelectric plants under 30 MW do not participate in the competitive power bulk market.

For the buyers, it would be different from Competitive Power Generation Market with only a Single Bulk Buyer, in the Competitive Power Bulk Market there will be many buyers as 5 Power Corporations, Large customers having enough conditions, New Trading units and Electricity Trading Company.

The plan for implementing the Competitive Power bulk Market is formed and developed in the following phases:

Preparation phase (until the end of 2015).

Phase 1 (2016): Operating the Competitive Power Bulk Market Pilot step 1(simulative calculations without the real payments).

Phase 2 (2017 - 2018): Operating the Competitive Power Bulk Market Pilot step 2.

Phase 3 (since 2019) Officially operating the fully worked-out Competitive Power Bulk Market.

VietnamEnergy.vn

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