Vietnam: The Ministry of Industry and Trade shall perform the task of regulating electricity

With regard to electricity regulatory activities, tasks of of the Ministry of Industry and Trade of Vietnam are specified as follows:

- Formulate regulations on the operation of competitive electricity market and organize the implementation thereof;

- Instruct the formulation of electric power supply plans, inspect and supervise the electric power supply and operation of electrical grids so as to ensure the balance of electricity supply and demand; do research, propose and manage solutions for balancing electricity supply and demand; provide guidance on requirements and procedures for suspension or shutdown of electricity supply or reduction of electric power consumption; requirements and procedures for connection to the national electrical grid;

- Establish the bracket of average retail prices of electricity, the mechanism for adjustment of electricity prices and structure of the retail electricity price list; organize the application of mechanisms and policies on electricity prices;

- Stipulate the bracket of electricity generation costs and the bracket of wholesale electricity prices, and consider approving the electricity transmission prices, prices of ancillary services provided by the grid operators, costs of dispatch and operation of electrical grids and costs of management of electricity transactions as well as prices of electricity came from new energy and renewable energy sources;

- Resolve complaints and disputes in the electricity market.

Decree No. 98/2017/NĐ-CP of Vietnam’s Government comes into force from August 18, 2017.

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