Renewable energy projects will be able to sell electricity directly according to the newly issued decree - Photo: N.TRAN
According to this decree, electricity trading is carried out in two forms: through private connection lines and through the national grid.
Purchased on private line, price negotiable
Specifically, direct electricity trading via private connection lines is the activity of signing electricity trading contracts and delivering electricity via private connection lines between renewable energy generators and large electricity users.
With this form, the decree stipulates that renewable energy generators and large electricity users conduct direct electricity trading through separate connection lines according to prescribed principles.
Renewable energy generation units will include solar, wind, small hydro, biomass, geothermal, wave, tidal, ocean current, other forms of renewable energy and rooftop solar power systems licensed for electricity operation.
Large electricity customers will be organizations and individuals purchasing electricity with an average consumption of 200,000 kWh/month or more.
The selling price of electricity purchased via a private line will be agreed upon by both parties. The renewable energy generator negotiates, agrees and signs a power purchase contract on capacity, output and price for surplus electricity output with Vietnam Electricity (or an authorized unit) according to regulations.
In addition to the direct electricity trading activities via separate connection lines specified above, large electricity customers are allowed to trade electricity with the electricity corporation (or electricity retailer) according to regulations.
In case the power unit performs both the power generation function and the power retail function in the combined zone and cluster models, purchasing power from the national power system at the same time as other local power sources, the electricity selling price issued by the Ministry of Industry and Trade will be applied.
The second form is to buy and sell electricity directly through the national grid under a term contract between a renewable energy generator and a large electricity customer or electricity retailer in authorized regional and cluster models.
Competitive wholesale electricity market
Accordingly, electricity trading activities carried out according to regulations will include: Renewable energy power generation units sell all produced electricity to the spot electricity market of the competitive wholesale electricity market.
Large electricity customers or electricity retailers in authorized regional and cluster models sign electricity purchase contracts with the electricity corporation (or authorized units) to purchase all electricity to meet their needs.
Renewable energy generators and large electricity users or electricity retailers in regional and cluster models are authorized to buy and sell electricity through term contracts.
With this form, the decree also clearly stipulates the sale of electricity by renewable energy generators through the spot electricity market and the purchase and sale of electricity with the electricity corporation.
According to regulations, the spot electricity market price is the total electricity market price formed according to each trading cycle of the spot electricity market and is determined by the sum of the market electricity price and the market capacity price.
In which, market electricity price and market capacity price are determined according to the regulations on operating the competitive wholesale electricity market issued by the Ministry of Industry and Trade.
Source: https://tuoitre.vn/chinh-thuc-duoc-mua-ban-dien-truc-tiep-gom-ca-dien-mai-nha-voi-gia-tu-thoa-thuan-20240703180353726.htm
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