On 08/01/2019, Prime Minister promulgated the Decision No. 02/2019/QĐ-TTg amending the Decision No. 11/2017/QĐ-TTg on the incentive mechanism to develop solar power projects in Vietnam. This Decision took effect from the issued date.
Accordingly, the incentive mechanism to develop solar power projects in Vietnam is amended under Decision No. 02/2019/QĐ-TTg as follows:
Regarding electricity prices for projects on the roof:
– The projects on the roof have implemented the mechanism the mechanism of electricity trading according to the direction of delivery and separate receipt of electricity meters. The electricity seller makes payment of electricity received from the grid according to current regulations. The electricity buyer shall pay the electricity volume from the project on the roof to the grid with the electricity purchase and sale price as prescribed. The parties have responsibility for conducting current regulations of Law about taxes and fee.
– The purchase and sale price of electricity for the project on the roof 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 the last exchange rate announcement same year ago.
For the responsibility of State management agency namely Ministry of Industry and Trade is adjusted as follows:
– Promulgating technical regulations on solar power, regulations on connection, measuring electricity for solar power projects and guiding procedures for connecting and installing meters of solar power projects on the roof
– Guidelines for calculating electricity bill payments for solar power projects according to the fluctuation of Vietnam dong against the US dollar.
Therefore, Decision No. 02/2019/QĐ-TTg has adjustments that are more suitable with the current society and economy. Besides, the adjustment of management mechanism also contributes to the management of state agencies become clearer and more convenient.