Vietnam’s power market is moving toward greater liberalization and transparency as the government loosens regulations to let supply and demand play a bigger role in determining electricity prices, a shift aimed at boosting the country’s international competitiveness. The reforms have not only given rise to a direct power purchase agreement (DPPA) framework that could accelerate the energy transition, but will also introduce a two-component electricity pricing mechanism designed to reflect actual power costs more accurately.
In this feature series, RECCESSARY examines the rollout of Vietnam’s two major electricity reforms, market response, and their impact on renewable energy developers, corporate power users, and the national power system.
