| Author | Nguyen Trong Phuc |
| Note | A project submitted in partial fulfillment of the requirements for the
degree of Master of Business Administration (Executive) in
International Business – Management of Technology (VN), School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | Until early 2012, the electricity sector in Vietnam has been solely managed by Vietnam Electricity (EVN), a state – owned monopoly with 52 subsidiaries, which is in turn overseen by the Ministry of Industry. All transmission lines, all electricity distribution, retail systems and 71% of all electricity generation capacity in Vietnam were owned by EVN. In this monopoly market, electricity prices and the generation output of power plants have all been decided by EVN with the effects that electricity pricing has not been transparent and has not reflected the costs; prices have been low and unattractive for investors.
To develop a competitive electricity market in order to ensure stable supply, attract new investment and achieve reasonable prices, Vietnam Competitive Generation Market – VCGM was set up and put into operation in 1/7/2012. VCGM aims to increase competitiveness and transparency in generation pricing. Until 2014, Forty - eight power plants, with a total capacity of about 12-GW (about 44.4% of total installed capacity), have joined the VCGM. Among these suppliers 32 are hydroelectric, 11 are coal fired (included 5 VP’s Power Plant) and 5 are gas-turbine generators. Power Generator Company will not only have many opportunities when joining VCGM but also faces many challenges when transferring in new trading mechanism.
This Research study VCGM market mechanisms, market rules and procedures and analyze operation cost of Vinacomin Power’s plant to find out best bidding strategy to ensure competitive with other members in the Power Market. |
| Year | 2014 |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (Executive) in International Business - Management of Technology (VN/BKK)) |
| Examination Committee(s) | Swierzcek, Fredric William;Huynh Trung Luong;Soegaard, Ragnar ; |
| Scholarship Donor(s) | VINACOMIN and Norwegian Electricity Corporation; |