According to this decree, electricity trading is carried out in two forms: through private connection lines and through the national grid.
Direct electricity trading via private connection lines is the activity of signing an electricity trading contract and delivering electricity via private connection lines between a renewable energy power generation unit and a large electricity user.
Direct electricity trading through the national grid is the activity of buying and selling electricity through a term contract between a renewable energy generator and a large electricity user.
The Government stipulates that 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/decentralized 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.
Regarding the form of direct electricity trading through separate connection lines, the Government stipulates that renewable energy power generation units and large electricity users conduct direct electricity trading through separate connection lines according to the principles of electricity trading contracts agreed upon by both parties; the electricity selling price is agreed upon by both parties.
Renewable energy power generation units negotiate, agree and sign electricity purchase and sale contracts on capacity, output and price for surplus electricity output with Vietnam Electricity Group (or 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 retailers other than the Electricity Corporation) according to regulations.
In case the Power Unit performs both the power generation function and the power retail function in the regional and cluster models, and simultaneously purchases power from the national power system along with other local power sources to retail power to customers using electricity in the regional and cluster models, the retail price of electricity for customers is implemented according to the Regulations on the implementation of electricity prices issued by the Ministry of Industry and Trade.
Regarding the form of direct electricity trading through the national grid, the Decree also clearly stipulates the sale of electricity by renewable energy power generation units 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, the market electricity price and the market capacity price are determined according to the Regulations on the operation of the competitive wholesale electricity market issued by the Ministry of Industry and Trade.
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