On 19 May 2016, IES hosted a delegation from the Vietnamese electricity sector. The delegates were senior representatives from the regulatory body (ERAV), Electricity of Vietnam Holding Group (EVN) and the country’s five regional power corporations.
IES presented to the overseas guests on significant NEM milestones and outcomes to date. There was interest and extensive discussion on contracting and retail competition as well as how NEM traders hedge against spot market price volatility and demand uncertainty. The delegates also appreciated the discussion on NEM contemporary challenges such as network regulation and the integration of new technologies.
The team’s Australian visit was part of the preparation for the Vietnam Wholesale Electricity Market (VWEM), pilot operations of which have been scheduled from 2016 to 2018 and full operation from 2019. IES has been assisting with the VWEM detailed design and rules drafting.