Electricity market revamp on cards

vir.com

January 25, 2022 | 17:00

A retail electricity market would mark a step towards market liberalisation efforts that enable consumers to choose who they wish to buy electricity from. To realise such a market, Vietnam’s Law on Electricity, as well as related documents will require certain adjustments to accommodate purchase agreements and other tools.

Electricity market revamp on cards
Electricity market revamp on cards

The Electricity Regulatory Authority of Vietnam (ERAV) is finalising its report to the prime minister about planned direct power purchase agreements (DPPA) – a mechanism to allow renewable energy producers to sell electricity directly to end-users, as Nguyen Anh Tuan, director of the authority said on January 18.

The DPPA mechanism, if implemented, will be the first step in the development of the electricity retail market, allowing renewable energy generators with a capacity greater than 30MW to sell to customers for industrial production purposes. Parties can negotiate and agree on purchase and sale prices through long-term contracts if the scale of their deal is not exceeding 1,000MW.

Since 2012, the electricity market has contributed to increasing transparency in mobilising power plants, creating a competitive environment, enhancing the initiative of market participants, and gradually abolishing the monopoly in the industry.

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What does the data tell us about electricity pricing in Laos?

mekongeye.com

By Ekaphone Phouthonesy12 October 2021 at 1:30 (Updated on 18 October 2021 at 15:00)

Through a variety of data sources an evidence-based picture of electricity pricing and the electricity-generation business in Laos is revealed.

A 42-year-old resident of Thongsanang village in central Vientiane, nicknamed To, was upset after receiving an electricity bill in May that was almost twice as high as normal.

“I’m going to send a letter to EDL asking them to investigate this unusual increase in my bill,” he told friends at a local coffee shop.

“Normally, I pay around 900,000 kip (US$95) a month, but this month I had to pay 1.6 million kip (US$168),” said Mr To, a worker with a monthly salary of about 1.8 million kip (US$190).

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Is Europe’s gas and electricity price surge a one-off?

bruegel.org

Surging natural gas prices in Europe, driven by rising demand and tight supply, are pushing up electricity prices; to prevent volatility, governments need to commit more clearly to a low-carbon future.

Since January 2021, natural gas prices have soared by more than 170% in Europe (Figure 1), sparking concerns about the potential macroeconomic implications.https://e.infogram.com/1p761ygy79gngyhz5yydwzln9lanq3km1rm?parent_url=https%3A%2F%2Fwww.bruegel.org%2F2021%2F09%2Fis-europes-gas-and-electricity-price-surge-a-one-off%2F&src=embed#async_embed

Both demand and supply factors have contributed to a tightening of the European gas market.

European gas demand is increasing in residential heating, industry and power generation. Higher demand for residential heating due to a cold winter and widespread remote working pushed up overall European gas demand by 7.6% in the first quarter of 2021. Also, a combination of continued industrial output rebound, summer heatwaves with increased use of air conditioning and rallying EU carbon prices fostering a switch from coal to gas, kept European gas demand high throughout the second quarter of the year.

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What’s Behind Europe’s Skyrocketing Power Prices

bloomberg.com

Europe’s energy ambitions are clear: to shift to a low-carbon future by remaking its power generating and distribution systems. But the present situation is an expensive mess. A global supply crunch for natural gas, bottlenecks for renewable energy and wind speeds in the North Sea among the slowest in 20 years, idling turbines, have contributed to soaring electricity prices. As winter approaches, governments are preparing to intervene if needed in volatile energy markets to keep homes warm and factories running.

1. What’s the problem here?

Energy prices skyrocketed as economies emerge from the pandemic — boosting demand just as supplies are falling short. Coal plants have been shuttered, gas stockpiles are low and the continent’s increasing reliance on renewable sources of energy is exposing its vulnerability. Even with mild weather in September, gas and electricity prices were breaking records across the continent and in the U.K. Italy’s Ecological Transition Minister Roberto Cingolani said he expected power prices to increase by 40% in the third quarter. In the U.K., CF Industries Holdings Inc., a major fertilizer producer, shut two plants, and Norwegian ammonia manufacturer Yara International ASA curbed its European production because of high fuel costs, as the crunch started to hit industrial companies.

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Phương pháp tính biểu giá điện cho các hoạt động khác nhau tại EU

English: Methodology For Electricity Tariff Calculation For Different Activities EU- INOGATE programme

Chương trình EU- INOGATE

Chương trình EU- INOGATE

Dự án: “Hỗ trợ tích hợp Thị trường Năng lượng và Năng lượng Bền vững trong nhóm công ty năng lượng ở Đông Nam Âu” (SEMISE)

Chịu trách nhiệm cho nội dung của báo cáo này hoàn toàn thuộc về đơn vị tư vấn và không phản ánh bất cứ quan điểm nào của Liên minh Châu Âu

MỤC LỤC:

  1. Các kinh nghiệm cải cách biểu giá điện của liên minh châu Âu (EU) và nhóm các công ty năng lượng Đông Nam Âu

1.1 Cơ sở của chi phí cho thiết lập biểu giá điện

1.2 Các cách tiếp cận khác nhau để tính biểu giá điện của Châu Âu

1.2.1 Các ví dụ về giá truyền tải

1.2.2 Các ví dụ về hệ thống phân phối giá từ các nước Châu Âu

1. Các kinh nghiệm cải cách biểu giá điện của Liên Minh châu Âu và nhóm các công ty năng lượng Đông Nam Âu

  Giữa các Quốc gia Thành viên châu Âu thì điều quan trọng cần được lưu ý đó là việc thiết lập biểu giá điện cho các công ty độc quyền tích hợp theo chiều dọc được quy định và không thể tách rời khỏi cơ quan điều tiết nơi có chức năng xây dựng các phương pháp tính biểu giá và phê duyệt biểu giá do các công ty tiện ích đề xuất và tuân theo các phương pháp của cơ quan điều tiết.

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Lessons from Texas Freeze: 5 Ways to Strengthen US Energy Resilience

WRI.org

Even as people are suffering through the harshest winter storm Texas has seen in decades, the reasons for the state’s devastating power grid failure have become a political battleground. While vulnerable people freeze in their homes, pundits snipe about whether wind turbines are to blame. Tiếp tục đọc “Lessons from Texas Freeze: 5 Ways to Strengthen US Energy Resilience”

Vietnam Electricity (EVN) Achieves its First and Positive Credit Rating from Fitch Ratings

Worldbank

Hanoi, June 7, 2018: Vietnam’s electricity company Vietnam Electricity, or EVN, is one step closer to issuing US dollar bonds and strengthening its financing capacity, following an endorsement by Fitch Ratings of its credit profile.

Now assigned an Issuer Default Rating (IDR) of ‘BB’ with a ‘Stable Outlook’ for long-term foreign currency, EVN’s ratings align with Vietnam’s sovereign rating. EVN’s sustainable financing strategy is supported by technical assistance from the World Bank.

“This positive rating enables EVN to issue international bonds, diversify our financing sources, and reassure domestic and foreign institutional investors. We are now on a stronger footing to deliver more reliable electricity to Vietnam,” said Dinh Quang Tri, Vice President of EVN. 
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Study Looks at Renewable Energy in Germany and Texas

Dec 29, 2015

renewablenergyworld – A report published by Stanford’s Steyer-Taylor Center for Energy Policy and Finance looks at three of the world’s largest economies and largest energy jurisdictions in an attempt to compare their approaches to ramping up renewable energy.  Included in the report is a comparison of electricity rates in Germany to those in Texas and California as well a discussion of how renewables contribute to overall costs.

The report compares Germany, the world’s fourth largest economy and an aggressive adopter of renewable energy, with the states of California and Texas.  California and Texas are the world’s 8th and 12th largest economies respectively, and are both leaders in the U.S. with respect to wind and solar deployment. Tiếp tục đọc “Study Looks at Renewable Energy in Germany and Texas”