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The price policy for the solar power electricity has been changed

The price policy for the solar power electricity has been changed - 

On January 11, 2019 The Prime Minister issued the Decision to amend and supplement a number of articles of the Decision No. 11/2017 / QD-TTg of the Prime Minister dated April 11, 2017 on incentive mechanism for developing solar power projects in Vietnam. In which, there is modification of the regulations on electricity prices for the rooftop solar power projects.  

According to the new regulations, for the rooftop solar power projects it is to implement the electricity trading mechanism separately in the delivery and receiving directions of the bidirectional measuring meters. The electricity seller makes payment for electricity received from the grid according to current regulations. The electricity buyer pays for electricity generated from the rooftop project to the grid with the price as specified for grid-connected solar power project. The parties are responsible for implementing the provisions of the current law on taxes and fees.

The electricity purchase price of the rooftop project for the following year is determined on the basis of the central exchange rate of Vietnam dong against the US dollar announced by the State Bank of Vietnam on the date of announcing the last exchange rate in previous year.

Previously, the Decision No 11/2017/QĐ-TTg stipulates, for rooftop solar power projects it is to implement the net – metering mechanism with using two-way meters. During a payment cycle, the amount of electricity generated from rooftop projects is greater than the amount of electricity consumed will be transferred to the next payment cycle. At the end of the year or when finishing the electricity trading contract, the electricity excess will be sold to the electricity buyer with the price as regulated for the grid connection project.

Annually, based on the central exchange rate of Vietnam dong against the US dollar announced by the State Bank of Vietnam on the date of the last exchange rate announcement of the previous year, the Ministry of Industry and Trade to issue the electricity purchase prices for the rooftop solar power projects for the next year.

VietnamEnergy.vn

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