VIETNAM WHOLESALE ELECTRICITY MARKET (VWEM)...
9
VIETNAM WHOLESALE ELECTRICITY MARKET (VWEM) OVERVIEW Nguyen Quoc Trung Manager of Power Market Operation Department National Load Dispatch Centre
Transcript of VIETNAM WHOLESALE ELECTRICITY MARKET (VWEM)...
VIETNAM WHOLESALE ELECTRICITY MARKET (VWEM)
OVERVIEW
Nguyen Quoc Trung Manager of Power Market Operation Department National Load Dispatch Centre
Trung Tâm Điều Độ Hệ Thống Điện Quốc Gia 2
VWEM Implementation Stages
Preparation VWEM 2019 VWEM
(Long Term VWEM)
2016-2018 2020+
Stages of implementation:
1. 2016-2018: Preparation, Pilot VWEM
2. 2019: VWEM 2019
3. 2020+: Long Term (LT) VWEM
2019
Trung Tâm Điều Độ Hệ Thống Điện Quốc Gia 3
Current VWEM Arrangements under MOIT Circular No. 45 (for 2019)
3 Generation
Indirect Trading Generators
scheduled by SMO
Scheduled by SMO
Direct Trading
Generators
PV Power
TKV
EVN GENCO 1
EVN GENCO 2
EVN GENCO 3
SMHPs
Equitised EVN
GENCOs
BOTs
Single Buyer
Electric Power Trading
Company (EPTC)
SPPA (CfD)
SPPA (CfD)
SPPA (CfD)
SPPA (CfD)
SPPA (CfD)
SPPA (CfD)
PPA
Hanoi PC
Northern PC
Central PC
Southern PC
HCM PC
BST
BST
BST
BST
BST
Non Contestable Customers
Tariff
Tariff
Tariff
Tariff
Tariff
Spot Market
Sp
ot
reve
nu
e
Spot costsSMO
Prices
Bids
Dispatch
Dispatch
Transmission DistributionPower Power Power
HPC End User
NPC End User
CPC End User
HCMPC End User
SPC End User
IPPsSPPA (CfD)
Sellers
• GENCOs, IPPs…
Service Providers
• NLDC/SMO: System and
Market Operation
• MDMSP: Metering data
management
• NPT: Transmission service
• Distribution Company:
Distribution service
Buyers • PCs: 5 Power Companies
EPTC Buy energy from non-direct and
direct trading generators and sell
to PCs
Trung Tâm Điều Độ Hệ Thống Điện Quốc Gia 4
Long-Term VWEM Arrangements
Sellers
• GENCOs, IPPs…
• BOTs, SMHPs
Service Providers
• NLDC/SMO: System and
Market Operation
• MDMSP: Metering data
management
• NPT: Transmission service
• Distribution Company:
Distribution service
Buyers • PCs: 5 Power Companies
• Eligible Customers
PCs
Generation
Traded by EVN SMHP
Traders or BOT Trader
Direct Trading
Generators
PV Power
TKV
EVN GENCO 1
EVN GENCO 2
EVN GENCO 3
SMHPs
Equitised EVN GENCOs & IPPs
BOTs
SPPA ( CfD )
SPPA ( CfD )
SPPA ( CfD )
SPPA ( CfD )
SPPA ( CfD )
SPPA ( CfD )
SPPA ( CfD )
Hanoi PC
Northern PC
Central PC
Southern PC
HCM PC
Non
Contestable
Customers
Tariff
Tariff
Tariff
Tariff
Tariff
Spot Market
S p o t
r e v
e n u
e
Spot costs
SMO
Bids
Prices
Bids
Dispatch
Transmission Distribution Power Power Power
HPC
End User
NPC
End User
CPC
End User
HCMPC
End User
SPC
End User
SPPA ( CfD )
SPPA ( CfD )
Transmission charge
SPPA ( CfD )
Eligible VWEM
Customer
SPPA ( CfD )
Transmission charge
Spot costs
Trung Tâm Điều Độ Hệ Thống Điện Quốc Gia 5
Organizational Structure in long term VWEM
VWEM
Sellers Buyers
Eligible Customers
PCs – Retailing
Service Providers
SMO
NPT MDMSP
Non-Eligible Customers
Renewable Generators
PCs – Distribution
New Retailers
Legend: PC = Power Corporation SMO = System & Market Operator MDMSP = Meter Data Management Service Provider NPT = National Power Transmission
EVN GENCO 1
EVN GENCO 2
EVN GENCO 3
TKV Power
PV Power
Others >= 30 MW
SMHP GENCO / Trader
BOT Trader
Trung Tâm Điều Độ Hệ Thống Điện Quốc Gia 6
Main features
• Gross Pool
• Trading interval: 60 minutes
• Dispatch interval: 30 minutes
• Ancillary service: SMO Directs
• Settlement: SMO calculates invoices for EVN of
bills for PCs and payments to generators
• Price: Ex-post SMP
VWEM (2019)
• Gross Pool
• Trading interval: 30 minutes
• Dispatch interval: 5 minutes
• Ancillary service: Spot market with Co-optimization
energy bids and reserve bids
• Settlement: SMO does all spot market settlements
for customers & generators
• Price: Ex-ante LMP
VWEM (long term)
Trung Tâm Điều Độ Hệ Thống Điện Quốc Gia 7
Metering Data management process
Metering data is collected daily
from both Sellers (Gencos) and Buyers (PCs) by NLDC
Metering data is able to access through web portal so that both sides can modify and check validity
Metering data is only used for calculating settlement when it is accepted by Gencos, MDMSP, Buyers with Digital Signature Certification Authorites (CA)
https://www.thitruongdien.evn.vn
Sellers (Gencos)
NLDC’s Database
Display &
Update
Buyers (PCs)
Metering Data
Metering Data
MDMSP (NLDC) Via CA
Final acceptedMetering
Data (3 sides)
Trung Tâm Điều Độ Hệ Thống Điện Quốc Gia 8
Metering Data portal
Thank you for your attention!
