Report
$0.026/kWh! Vietnam sets net metering PV tariffs
2024-07-19 17:06

Vietnam's Ministry of Industry and Trade (MoIT) recently proposed setting a tariff of VND671/kWh ($0.026/kWh) for excess electricity sold from rooftop PV systems under net metering rules, according to a report by Vietnamese media outlet VGP.

Under current regulations, Electricity of Vietnam (EVN) holds a monopoly in the transmission, distribution, wholesale and retail sale of electricity in the country. The company will assume responsibility for managing net metering PV systems.

Vietnam's Ministry of Industry and Trade (MoIT) also said that rooftop PV systems must not sell more than 10 percent of all the electricity they produce to the grid. And Vietnam has yet to set a timetable for the introduction of new tariffs and net metering programs.

To date, 18.4GW of PV systems have been installed in Vietnam, largely supported by an expired feed-in tariff program that supported the installation of small-scale PV systems and utility-scale PV systems. However, since the expiration of the last auction program, the Vietnamese government has not launched a new one. Instead, it has launched a program to promote bilateral power purchase agreements (PPAs) and open up the electricity market.

This plan revises Vietnam's PV deployment targets to 2045, with plans to install 13.6GW of utility-scale PV systems and 3.4GW of rooftop PV systems. The plan makes up for the PV shortfall by expanding onshore wind power and offshore wind power, as well as importing power from Laos.

Source:https://news.solarbe.com/202407/17/380359.html

 
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