Electricity purchase and sale on electricity markets of Vietnam

Anh Tu

14:18, 12/01/2006

The Law on Electricity 2004 of Vietnam was promulgated on December 03, 2004. One of the basic contents of this Law is the regulation on electricity purchase and sale on electricity markets. So, how are specific regulations on these contents?

According to Article 20 of the Law on Electricity 2004 of Vietnam, subjects purchasing and selling electricity on the electricity markets include:

- Electricity-generating units;

- Electricity-wholesaling units;

- Electricity-retailing units;

- Electricity-using customers.

The electricity trading on the electricity markets shall be effected in two following forms:

- Trading through termed contracts between the electricity sellers and the electricity buyers;

- Spot dealing between the electricity sellers and the electricity buyers via electricity market transaction-administering units.

The electricity market transaction-administering units shall have to regulate, coordinate activities of electricity trading transactions and support services on the electricity markets.

View more: The Law on Electricity 2004 of Vietnam takes effect from July 01, 2005.

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