| Author | Ngo Thi Thuy Hang |
| Note | A project submitted in partial fulfillment of the requirements for the
degree of Master of Business Administration (Executive) in
Energy Management |
| Publisher | Asian Institute of Technology |
| Abstract | Power market has formed and developed in many countries around the world and its result is to create the business environment for fair competition among power enterprises. It is also to improve efficiency production and business of power enterprises.
Aim to diversifying into investments in the power sector, in the years from 2002 to present, electric energy of power plant which is not owned by Vietnam Electricity (EVN) has increased from 2% to over 30%. The investors outside EVN have invested through the form of joint stock company, limited liability company and the BOT. EVN has also conducted the equalization some of EVN's power plants. These are the initial conditions for the formation of Vietnam power market.
In Vietnam, in July 01st 2005 Internal Power Market (VietPool) was formed with eight EVN's power plants which involved have created a training ground for the power plants. In January 26th 2006, Vietnam Government has approved the road for Vietnam power market (by circular QD26-2006/QD-TTCP). In December 31st 2009, MOIT have approved the design of Vietnam Competitive Generation Market (by circular 6713/QD-BCT).
Structure of Vietnam Competitive Generation Market consists of contracted market (the generation companies are contracted to sell electricity to Electric Power Trading Company) and spot market (mandatory cost-based Gross Pool market with day-ahead offering). The solution to risk management in the contracted market is choosing and making appropriate power purchase contracts. Furthermore, forecasting day-ahead electric price of market help to make decision of Generation Company in spot market. Therefore, this proposal proposes solutions for generation companies in competitive generation market of risk management for electric energy contracts as well as offering/scheduling policy decision-maker. Minimize technical and financial risks in power market with power purchase agreement. AREVA Market clearing software is used as a tool to forecast electric price of market scenarios were simulated. |
| Year | 2010 |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Chairperson(s) | Swierczek, Fredric William ; |
| Examination Committee(s) | Do Ba Khang ;Supasit Chonglerttham; |
| Scholarship Donor(s) | Vietnam Electricity; |