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- 07 / 10 / 2018 -
New regulation on electric power market participation

On September 27, 1818, the Ministry of Industry and Trade issued Circular 28/2018/TT-BCT regulating the operation of the competitive electricity generation market. This Circular takes effect on November 15,
Accordingly, the Circular No. 28/2018/TT-BCT contains new noteworthy, details as follows:
1. Regarding types of power plants participating in the electricity market:
– A power plant with a capacity of more than 30 MW connected to the national power system shall have to join the electricity market 30 days after the date of operation;
– A power plant with a capacity of up to 30 MW, a grid connection with a voltage of 110 kV or higher may opt to join the electricity market;
– Non-participating power plants include: BOT Power Plant; Non-hydro power plants using non-renewable energy; The power plant in the IP only sells part of the output to the national power grid.
2. Regarding procedures for registration of participation in the electricity market:
– Within 20 days after commencing commercial operation, the electricity-generating unit shall complete the dossier for registration of participation in the electricity market.
– A dossier of registration for participation in the electricity market comprises:
+ Registration of participation in the electricity market;
+ A copy of the permit for electricity activities in the field of electricity generation;
+ Acceptance documents put into operation of the systems;
+ A copy of the electricity trading contract;
+ A copy of the minutes to the unit offering price instead of the group of terraced hydropower plants.
Thus, it can be seen that the State is increasingly improving the legal provisions on the field of exploitation and trading of electricity and energy, contributing to attracting investment of potential investors. this field; At the same time, promoting the economic development.