MOIT approved the detailed design of Vietnam Wholesale Electricity Market (VWEM) on August 10, 2015. Following that, VWEM Implementation plan would be:
The deregulation and development of electricity market in many countries proved that it is the advanced stage of management science in energy field. Electricity market creates fair competitive business environment for participants and becomes outstanding solution to attract the investment and to raise the efficiency of production and business activities for the power industry.
Vietnam competitive generation market (VCGM) Electricity market model Monopoly: One entity may have responsibility for all functions of power system management and operation, including: generation, transmission, distribution and retail to End-users.
