Eight new laws taking effect on July 1, the launch of Vietnam’s competitive energy market were among the most prominent events of the past week. Competitive energy market makes its debut Vietnam’s competitive energy market (CEM) was launched in Hanoi on July 1, with 48 of the country’s 73 power plants already signing up to take part. Speaking at the launch ceremony, Deputy Minister of Industry and Trade Hoang Quoc Vuong said CEM is expected to create an equal playing field by removing the monopoly that EVN holds over the market, leading to lower costs and ensuring a better balance between demand and supply. Dang Huy Cuong, head of the ministry’s Electricity Regulatory Authority of Vietnam, said the market is part of the sector’s long-term development strategy. The market will be developed into a competitive market by 2014, a wholesale CEM from 2015-22, and a retail CEM after 2022, he added. Director of the National Load Dispatch Centre Ngo Son Hai said the market would operate with cost based pricing. Plants and suppliers will actively alter costs to remain competitive on the market based on various factors including water levels and input costs. CEM will not affect the management of…
- Sweden's new laws to look out for in 2019
- New law call over people presumed dead
- Ukraine's new law on currency, forex operations comes into effect – NBU
- Dozens of new Dutch laws take effect in 2019
- What’s coming up in Ukraine in 2019
- Are drone laws going to change after the Gatwick incident?
- Sweden's news laws to look out for in 2019
- Amnesty International Moldova warns about the increased risk of the electoral law violation
- New play puts LGBTQ characters front and centre, 30 years after Clause 28
- RISE Moldova: The new Democratic Party fortress
New laws come into effect in July have 286 words, post on at July 4, 2011. This is cached page on X-Buy. If you want remove this page, please contact us.