Vietnam oriented toward development of competitive retail electricity market
After nearly 20 years of implementation and four rounds of amendments and supplements, there are still some issues that the current Electricity Law does not adequately address. These include the lack of a comprehensive legal mechanism to facilitate the transition from encouraging and supporting renewable energy sources, new energy, and offshore wind power to a competitive policy framework, aiming for net-zero emissions by 2050.
Therefore, the Ministry of Industry and Trade has proposed amending the Electricity Law of 2004. Notably, the Article 5 of the draft law stipulates the removal of all monopolies, unreasonable barriers, and maximum socialization in investment, exploitation, and use of infrastructure services in the national electricity transmission system.
Translated By Anh Quan
