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Vietnam's Direct Power Purchase Agreement (DPPA) Decree proposes to ease restrictions on large power consumers and power retailers. (Photo: iStock)
Less than a month after the Vietnamese government issued the new Electricity Law, it has introduced five draft decrees for public consultation, with one focusing on the Direct Power Purchase Agreement (DPPA) mechanism. The draft decrees aim to relax the regulations for large power consumers and power retailers, hoping to invigorate the green electricity trading market.
Vietnam ministry to ease DPPA rules for power consumers, retailers
Under the current decree, only the Vietnam Electricity Group (EVN) and power retailers are eligible to participate in the DPPA mechanism. However, the new draft proposes extending the service to provincial and municipal units under EVN, allowing them to provide similar services. Additionally, while the current law limits power consumers to the manufacturing industry, the new draft removes these industry restrictions.
