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The draft decree on direct power purchase agreements, if adopted, will be a convenient mechanism for both renewable energy power generation projects and large customers, but there are still concerns about power transmission and expanding the number of electricity buyers.
The Ministry of Industry and Trade has suggested a three-month adjustment to the average price of electricity, instead of every six months as currently.
As Vietnam will shortly unify, regulate, and implement a variety of new systems governing power pricing and electricity transmission, losses at state-run Electricity of Vietnam should be reduced while simultaneously ensuring a dependable energy supply for growth.
Despite Electricity of Vietnam’s (EVN) intention to increase energy rates to rebalance its budget for 2023, the status of coal-fired power does not yet seem to be declining.