Completion of Preparation
According to Decision No 8266/QD- BCT of the Ministry of Industry and Trade (MOIT), the competitive wholesale power market will be operating as step 1 paper trial in 2016 (simulation calculation, no real payment made). The trial operation will be implemented in 2017-2018 and the official operation will be in 2019.
To date, all the preparation work for the competitive wholesale power market step 1 paper trial operation in 2016 has basically been completed. The related organizations have fully staffed and provided trainings to meet the requirements of the power market; completed the installation of the computer system, software installation supporting payment and providing access account to the electronic information page of the of power market of the power corporations...
Mr. Tran Dang Khoa - Director of EVN Power Market Department said, to implement the direction of the Ministry of Industry and Trade, EVN has participated in the Working Group for building the regulations of wholesale power market and the plan to conduct the paper trial. To date, EVN has prepared and submitted to the Ministry of Industry and Trade the schemes serving the competitive wholesale power market such as the project of developing information technology infrastructure serving the operation and monitoring of the wholesale power market; the project for capacity building for the key players in the power market; the project for participation by the multi-purpose hydropower plants in the power market following the detailed design of the wholesale market etc.
In addition, EVN has also collaborated with the Electricity Regulatory Authority of Vietnam (ERAV) to organize workshops, participated in training curriculum development on the competitive wholesale markets for mainly new players of the market, including 5 Power Corporations, and training on basic as well as advanced knowledge of power market and forecasting on load development etc.
EVN is also studying and proposing price mechanisms, consumption percentage during PPA negotiation with the BOT projects owners, proposing and reporting to the MOIT mechanisms to encourage the BOT power plants to participate in the competitive wholesale power market; directing the multi-purpose hydropower plants to prepare for participating in the wholesale power market under the plan; hiring independent auditors to audit tools and software serving the wholesale electric market, etc.
The preparation for the wholesale power market paper trial of EVN is highly appreciated by ERAV (Ministry of Industry and Trade), especially the construction of information technology infrastructure and human resources training. This is one of prerequisite factors for the paper trial of the market to be implemented smoothly, successfully and in accordance with the roadmap.
Power market operation at Da Nhim - Ham Thuan Da Mi Hydropower Joint Stock Company.
Synergy needed
In his directing remarks at the Yearly Conference for 2015 and preparation for implementing 2016 plan of EVN, Mr. Hoang Trung Hai - member of the Politburo, Secretary of the Party Committee of Hanoi (the ex-Deputy Prime Minister) has highly appreciated the role of the Ministry of industry and Trade and EVN in the operation of the power market. According to Mr. Hoang Trung Hai, to successfully operate the power market, it is necessary to implement each step cautiously. Because in fact, there are many countries developing the power market without success.
"Many countries got ahead of Vietnam with legal and economic conditions and customer perception much higher that of Vietnam, but they did not get successful when implementing the competitive power market. Therefore, we have to go step by step, very calmly, slowly and surely," Mr. Hoang Trung Hai stressed.
Mr. Tran Dang Khoa also said that: "the development of the power market is a long process. Therefore, to successfully implement the wholesale power market requires a close direction by the Government together with the Ministries and ERAV".
It can be said that there should be the synergy from many parties for smoothly operating the wholesale electric market in particular and the electric market in general. The synergy includes the completion of the management system, the legal framework and related documents; the participation of the generation companies and the guarantee of competitiveness and attractiveness of the market.
All the preparation for the wholesale power market step 1 paper trial in 2016 is ready. However, this is just the beginning and there is still a lot of work to do, many difficulties and challenges ahead. Ministry of Industry and Trade, ERAV, EVN and relating agencies have continued to implement specific tasks, putting competitive electricity wholesale market into operation as orientated and scheduled.
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Some decisions of Ministry of Industry and Trade related to the wholesale power market:
- Decision No. 8266/QD-BCT, approval of the detailed design of the wholesale power market of Vietnam, dated 10 August 2015;
- Decision No. 12751/QD-BCT approving Plan for Paper Trial of the wholesale power market in 2016, dated 23 Nov 2015;
- Decision No. 14576 /QD-BCT approving Outline for the wholesale power market training, dated 30 Dec 2015.
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