Circular 24/2019/TT-BCT amending Circular 45/2018/TT-BCT

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Circular No. 24/2019/TT-BCT dated November 14, 2019 of the Ministry of Industry and Trade on amending and supplementing a number of articles of the Circular No. 45/2018/TT-BCT dated November 15, 2018 of the Minister of Industry and Trade, prescribing the operation of competitive wholesale electricity market, and amending and supplementing a number of articles of the Circular No. 56/2014/TT-BCT dated December 19, 2014 of the Minister of Industry and Trade, prescribing methods of determination of electricity generation costs and processes for inspecting power purchase agreement
Issuing body: Ministry of Industry and TradeEffective date:
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Official number:24/2019/TT-BCTSigner:Tran Tuan Anh
Type:CircularExpiry date:Updating
Issuing date:14/11/2019Effect status:
Known

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Fields:Commerce - Advertising , Electricity , Industry

SUMMARY

Rate of power output quantity settled at the contractual price ranges from 60-100%

On November 14, 2019, the Ministry of Industry and Trade issues the Circular No. 24/2019/TT-BCT on amending and supplementing a number of articles of the Circular No. 45/2018/TT-BCT dated November 15, 2018 of the Minister of Industry and Trade, prescribing the operation of competitive wholesale electricity market, and amending and supplementing a number of articles of the Circular No. 56/2014/TT-BCT dated December 19, 2014 of the Minister of Industry and Trade, prescribing methods of determination of electricity generation costs and processes for inspecting power purchase agreement.

Accordingly, to supplement general provisions on determination of contractual output quantity. To be specific: The generating unit and the electricity buyer shall be responsible for negotiating, agreeing about and setting out terms of the power purchase agreement on the rate of power output quantity settled at the contractual price; but not be higher than 100% and not be less than 60%.

With regard to the power plants bound by fuel underwriting arrangements and obtaining competent state agency's written consent to the horizontal transfer of their fuel underwriting regulations in the fuel supply agreement to the power purchase agreement: The generating unit and the buyer shall assume the responsibility for reaching an agreement on the annually contractual output, in which the annually contractual output must not be lower than the power output quantity corresponding to the annual fuel underwriting amount of the power plant.

This Circular takes effect on January 01, 2020.

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Effect status: Known

THE MINISTRY OF INDUSTRY AND TRADE

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No. 24/2019/TT-BCT

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

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Hanoi, November 14, 2019

 

 

CIRCULAR

Amending and supplementing a number of articles of the Circular No. 45/2018/TT-BCT dated November 15, 2018 of the Minister of Industry and Trade, prescribing the operation of competitive wholesale electricity market, and amending and supplementing a number of articles of the Circular No. 56/2014/TT-BCT dated December 19, 2014 of the Minister of Industry and Trade, prescribing methods of determination of electricity generation costs and processes for inspecting power purchase agreement

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Pursuant to the Law on Electricity dated December 03, 2004, and the Law on Amending and Supplementing a number of articles of the Law on Electricity dated November 20, 2012;

Pursuant to the Government's Decree No. 98/2017/ND-CP dated August 18, 2017, defining the functions, tasks, powers and organizational structure of the Ministry of Industry and Trade;

Pursuant to the Government’s Decree No. 137/2013/ND-CP dated October 21, 2013, elaborating on the implementation of a number of articles of the Law on Electricity, and the Law on Amending and Supplementing a number of articles of the Law on Electricity;

At the proposal of the Director of the Electricity Regulatory Authority,

The Minister of Industry and Trade promulgates the Circular on amending and supplementing a number of articles of the Circular No. 45/2018/TT-BCT dated November 15, 2018 of the Minister of Industry and Trade, prescribing the operation of competitive wholesale electricity market, and amending and supplementing a number of articles of the Circular No. 56/2014/TT-BCT dated December 19, 2014 of the Minister of Industry and Trade, prescribing methods of determination of electricity generation costs and processes for inspecting power purchase agreement.

 

 Article 1. To amend and supplement a number of articles of the Circular No. 45/2018/TT-BCT dated November 15, 2018 of the Minister of Industry and Trade, prescribing the operation of competitive wholesale electricity market, and amending and supplementing a number of articles of the Circular No. 56/2014/TT-BCT dated December 19, 2014 of the Minister of Industry and Trade, prescribing methods of determination of electricity generation costs and processes for inspecting power purchase agreement as follows:

1. To amend Clause 13, Article 3 as follows:

“13. Auxiliary services means services of secondary frequency control, fast start and must-run operation reserve, aiming at ensuring power system security, voltage regulation and black start.”.

2. To amend Clause 14, Article 3 as follows:

“14. Frequency control reserve service means an auxiliary service for supporting secondary frequency control in accordance with the Regulation on electricity transmission system as prescribed by the Ministry of Industry and Trade.”.

3. To amend Article 7 as follows:

“Article 7. Registration for participation in the electricity market

1. With regard to generating units

a) Generating units will be eligible to participate in the electricity market if they fully satisfy the following requirements:

- Having an electricity activity license in the power generation industry that still remains valid;

- Completing the pre-acceptance testing and commissioning of systems as specified in Clause 5, Article 4 of this Circular;

- Completing the signing of the power purchase agreement and the document certifying the date of commercial operation of the power plant;

- Agreeing on a unit representing a group of cascade hydropower plants to make price offers (in case they are the representative for a group of cascade hydropower plants).

b) 07 working days before the deadline for participation in the electricity market as prescribed in Article 6 of this Circular, the generating unit shall send 01 set of dossier of registration for electricity market participation on behalf of each power plant to the power system and market operating unit through the electricity market website. The power system and market operating unit shall assume the responsibility for guiding relevant units on the components of the electricity generating unit's dossier of registration for participation in the electricity market.

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