Decree No. 80/2024/NĐ-CP provides detailed regulations on the direct electricity purchase and sale mechanism between renewable energy power generation units and large electricity consumers.

DECREE

PROVISIONS ON THE MECHANISM FOR DIRECT PURCHASE AND SALE OF ELECTRICITY BETWEEN RENEWABLE ENERGY GENERATING UNITS AND LARGE ELECTRICITY CONSUMERS

Pursuant to the Law on Organization of the Government dated June 19, 2015; the Law Amending and Supplementing Certain Provisions of the Law on Organization of the Government and the Law on Organization of Local Administration dated November 22, 2019;

Pursuant to the Electricity Law on December 3, 2004; the Law Amending and Supplementing Certain Provisions of the Electricity Law on November 20, 2012; the Law Amending and Supplementing Certain Provisions of the Law on Public Investment, Law on Investment under the Public-Private Partnership Model, Law on Investment, Law on Housing, Law on Bidding, Electricity Law, Enterprise Law, Special Consumption Tax Law, and Civil Execution Law on January 11, 2022;

Pursuant to the Price Law dated June 19, 2023;

Pursuant to the Value Added Tax Law on June 3, 2008; the Law Amending and Supplementing Certain Provisions of the Value Added Tax Law on June 19, 2013; the Law Amending and Supplementing Certain Provisions of Various Tax Laws on November 26, 2014; the Law Amending and Supplementing Certain Provisions of the Value Added Tax Law, Special Consumption Tax Law, and Tax Administration Law on April 6, 2016;

Pursuant to Resolution No. 103/2023/QH15 dated November 9, 2023 of the National Assembly on the Plan for Economic and Social Development in 2024;

At the proposal of the Minister of Industry and Trade;

The Government promulgates this Decree to regulate the mechanism for direct purchase and sale of electricity between renewable energy generating units and large electricity consumers.

PART I

GENERAL PROVISIONS

Article 1. Scope of Regulation

This Decree regulates the mechanism for direct purchase and sale of electricity between renewable energy generating units and large electricity consumers through dedicated transmission lines and the national power grid.

Article 2. Applicability

1. The subjects of direct purchase and sale of electricity through dedicated transmission lines include:

a) Renewable energy generating units;

b) Large electricity consumers.

2. The subjects of direct purchase and sale of electricity through the national power grid include:

a) Renewable energy generating units from wind or solar power with a capacity of 10 MW or more directly connected to the national power system and participating in the competitive wholesale electricity market;

b) Large electricity consumers purchasing electricity from the State Corporation of Electricity or other retail electricity suppliers not being the State Corporation of Electricity at voltage levels of 22 kV or higher for production purposes;

c) Retail electricity units in industrial zones, economic zones, export processing zones, industrial clusters, high-tech zones, concentrated information technology zones, and similar models authorized by large electricity consumers for production purposes to purchase electricity from the State Corporation of Electricity and enter into forward contracts with renewable energy generating units (hereinafter referred to as retail electricity units in industrial zones and clusters authorized).

3. Other subjects:

a) System operator and electricity market operator;

b) Transmission companies;

c) State Corporation of Electricity under Vietnam Electricity Group (hereinafter referred to as State Corporation of Electricity) and other retail electricity suppliers;

d) Vietnam Electricity Group.

Article 3. Explanation of Terms

2. Self-generated and self-consumed electricity is electricity produced and consumed by an organization or individual to serve their own needs.

1. Bidding involves the activity of offering electricity generation capacity of renewable energy generating units to each power plant on the spot electricity market and sending it to the system operator and electricity market operator according to the bidding form prescribed by the Ministry of Industry and Trade's regulations on operating the competitive wholesale electricity market.

2. Trading cycle is 30 minutes, starting from the beginning of each 30-minute period during the trading day.

3. Settlement cycle is the cycle for issuing invoices for transactions on the electricity market within a one-month period, starting from the first day of each month.

4. Connection point is the point defined in the connection agreement between the project investor and the grid management unit in accordance with the approved planning.

5. Delivered electricity quantity is the total electricity quantity supplied by the seller to the buyer for settlement between the seller and the buyer.

6. Renewable energy generating unit is an electricity entity owning solar, wind, small hydropower, biomass, geothermal, wave, tidal, ocean current, other forms of renewable energy power plants, and rooftop solar systems licensed to operate in the electricity sector or exempted from licensing for power generation activities as provided by law.

7. Retail electricity units in industrial zones, economic zones, export processing zones, industrial clusters, high-tech zones, concentrated information technology zones, and similar models (hereinafter referred to as retail electricity units in industrial zones and clusters) are electricity entities licensed to operate in the retail electricity sector in these zones with monthly electricity consumption of 200,000 kWh or more and connected at voltage levels of 22 kV or higher.

8. System operator and electricity market operator is the National Power System Dispatch Center or another name depending on the level of development of the electricity market, performing the function of national power system dispatching and managing electricity market transactions.

9. Dedicated transmission line is a system of transmission lines, substations, and auxiliary equipment serving the independent transmission of electricity invested, constructed, and operated by renewable energy generating units to sell directly to large electricity consumers, except where the parties have agreed otherwise.

10. Forward contract is a type of contract in which both parties agree and confirm their commitment to buy or sell a specific amount of electricity at a predetermined price at a specific future time.

11. Spot market electricity purchase and sale contract is a contract applicable to the purchase and sale of electricity of individual power plants, including the main contents prescribed in Appendix I attached to this Decree.

12. Large electricity consumer is an organization or individual purchasing electricity for self-use without reselling to other organizations or individuals, as stipulated by the Ministry of Industry and Trade, consistent with the development stage of the power system or having a consumption volume at the time of submitting an application to participate in the direct purchase and sale mechanism as follows:

a) For existing large electricity consumers: average consumption of 200,000 kWh/month or more (averaged over the last 12 months);

b) For new large electricity consumers or those using electricity for less than 12 months: based on registered consumption of 200,000 kWh/month or more.

13. National power grid is a system of transmission lines, substations, and auxiliary equipment for transmitting electricity across the territory of the Socialist Republic of Vietnam, excluding dedicated transmission lines.

14. Year N is the current year, calculated according to the Gregorian calendar.

15. Year N-1 is the year immediately preceding the current year, calculated according to the Gregorian calendar.

16. Year N-2 is the year immediately preceding Year N-1, calculated according to the Gregorian calendar.

17. Month M is the current month, calculated according to the Gregorian calendar.

18. Month M-1 is the month immediately preceding the current month, calculated according to the Gregorian calendar.

19. Month M-2 is the month immediately preceding Month M-1, calculated according to the Gregorian calendar.

20. The spot electricity market is the market for purchasing and selling electric power in trading cycles conducted by the System Operator and the Electricity Market in accordance with the regulations set forth at the competitive electricity market levels.

21. The Electricity Corporation is the Northern Electricity Corporation, Southern Electricity Corporation, Central Electricity Corporation, Hanoi City Electricity Corporation, and Ho Chi Minh City Electricity Corporation.

Article 4. Direct electricity purchase and sale mechanisms

Direct electricity purchase and sale activities involve the following two forms:

1. Direct electricity purchase and sale through Dedicated Transmission Lines involves signing electricity purchase and sale contracts and transferring electric power through dedicated transmission lines between Renewable Energy Power Generation Units and Large Electricity Consumers in accordance with Chapter II of this Decree.

2. Direct electricity purchase and sale through the National Grid involves electricity purchase and sale activities through Forward Contracts between Renewable Energy Power Generation Units and Large Electricity Consumers (or Retail Electricity Suppliers authorized in certain models) and these activities are carried out in accordance with Chapter III of this Decree, including:

a) Renewable Energy Power Generation Units sell all produced electric power into the spot market of the competitive wholesale electricity market;

b) Large Electricity Consumers or Retail Electricity Suppliers authorized in certain models sign electricity purchase and sale contracts with the Electricity Corporation (or authorized/sub-delegated units) to purchase all electric power needed to meet their requirements;

c) Renewable Energy Power Generation Units and Large Electricity Consumers or Retail Electricity Suppliers authorized in certain models conduct electricity purchase and sale activities through Forward Contracts.

Article 5. General Requirements for Renewable Energy Power Generation Units and Large Electricity Consumers

Renewable Energy Power Generation Units and Large Electricity Consumers must comply with legal provisions regarding planning, investment (the responsibility of the Project Investor, including compliance with national electricity development plans and provincial plans approved by competent authorities), licensing regulations for electricity operations (the responsibility of the Project Investor), safety regulations for electricity, fire prevention and explosion protection during construction, land use, environmental protection, operation (power generation, transmission, distribution), and safe electricity usage; electricity purchase and sale regulations and contracts, and other related legal provisions.

Chapter II

DIRECT ELECTRICITY PURCHASE AND SALE THROUGH DEDICATED TRANSMISSION LINES

Article 6. Principles of Direct Electricity Purchase and Sale Through Dedicated Transmission Lines

1. Renewable Energy Power Generation Units and Large Electricity Consumers specified in Article 2 of this Decree shall carry out direct electricity purchase and sale activities through Dedicated Transmission Lines based on the following principles:

a) The electricity purchase and sale contract between Renewable Energy Power Generation Units and Large Electricity Consumers in cases of direct electricity purchase and sale through Dedicated Transmission Lines shall be agreed upon by both parties in accordance with Article 22 of the Electricity Law and relevant regulatory documents, including the main contents such as: Contracting parties; purpose of use; service standards and quality; rights and obligations of the parties; electricity price, payment method and term; conditions for terminating the contract; liability for breach of contract; duration of the contract; responsibility for investment, construction, and management of Dedicated Transmission Lines; other contents agreed upon by both parties;

b) The electricity selling price shall be agreed upon by both parties except in the case stipulated in Clause 4 of this Article.

2. Renewable Energy Power Generation Units shall negotiate, agree upon, and sign electricity purchase and sale contracts regarding capacity, volume, and price for surplus electricity with the Vietnam Electricity Group (or authorized unit) in accordance with the regulations.

3. In addition to the direct electricity purchase and sale activities through Dedicated Transmission Lines specified in Clauses 1 and 2 of this Article, Large Electricity Consumers may purchase and sell electricity with the Electricity Corporation (or Retail Electricity Supplier not being the Electricity Corporation) in accordance with the regulations.

4. In cases where an Electricity Unit simultaneously performs power generation functions and retail electricity supply functions in certain models while purchasing electricity from the national grid along with other local power sources to sell to electricity consumers within those models, the retail electricity prices for consumers shall be implemented in accordance with the Regulations on Implementing Electricity Selling Prices issued by the Ministry of Industry and Trade.

Article 7. Responsibilities of Renewable Energy Power Generation Units

Renewable energy power generation units shall comply with the provisions stipulated in Article 39 of the Electricity Law and the following provisions:

1. Shall be granted a license for electricity business activities in the field of power generation, except in cases where exemption from such a license is provided for by law. In cases where they do not purchase electricity from the national grid and have a distribution network to carry out retail electricity activities, renewable energy power generation units must simultaneously apply for a license for retail electricity activities along with power generation activities in accordance with the regulations.

2. During the course of electricity business activities, renewable energy power generation units shall be responsible for complying with the Transmission System Regulations and Distribution System Regulations issued by the Ministry of Industry and Trade.

3. Renewable energy power generation units shall be responsible for implementing the provisions on safety in power generation stipulated in Article 54 of the Electricity Law (amended and supplemented in 2012) and related guiding documents. For renewable energy power generation units that invest in transmission networks or distribution networks to connect directly with customers, they shall implement the provisions on safety in electricity transmission and distribution stipulated in Article 55 of the Electricity Law (amended and supplemented in 2012) and related guiding documents.

4. Renewable energy power generation units shall be responsible for complying with the legal provisions on investment, construction, electrical safety, land, fire prevention and fighting, explosion prevention, environmental protection, and other relevant legal provisions.

Article 8. Responsibilities of Large Electricity Consumers

Large electricity consumers shall comply with the provisions stipulated in Article 47 of the Electricity Law and the following provisions:

1. Implement the provisions on safety in electricity usage stipulated in Article 57 of the Electricity Law (amended and supplemented) and related guiding documents.

2. Invest in electricity infrastructure (applicable in cases where large electricity consumers have their own substation) in compliance with National Technical Standards on Electrical Safety; comply with the provisions on ensuring safety in high-voltage power line corridors.

3. Have a team managing and operating the electricity network (applicable in cases where large electricity consumers have their own substation) meeting the requirements for electrical safety: trained in the field of electricity; trained, examined, and issued an electrical safety card in accordance with the regulations.

Chapter III

DIRECT MARKETING OF ELECTRICITY THROUGH THE NATIONAL GRID

Section 1. SALE OF ELECTRICITY BY RENEWABLE ENERGY POWER GENERATION UNITS ON THE SPOT MARKET

Article 9. Electricity Purchase and Sale Contracts between Renewable Energy Power Generation Units and Vietnam Electricity Corporation

Vietnam Electricity Corporation and Renewable Energy Power Generation Units shall be responsible for negotiating and signing electricity purchase and sale contracts on the spot market in accordance with the main contents stipulated in Appendix I attached to this Decree.

Article 10. Bidding, Scheduling, Calculation, and Verification of Payment Statements

1. Renewable Energy Power Generation Units shall forecast the capacity of the power plant for each trading cycle of the upcoming day in compliance with the regulations on renewable energy forecasting stipulated in the Transmission System Regulations and Distribution System Regulations issued by the Ministry of Industry and Trade, and bid the entire forecasted capacity of the power plant according to the Competitive Wholesale Electricity Market Operation Regulations issued by the Ministry of Industry and Trade.

2. Based on the next-day bidding price and the bidding price for the upcoming trading cycle of the Renewable Energy Power Generation Unit, the System Operator and the Electricity Market shall be responsible for comparing and cross-checking against the forecasted capacity values from independent forecasting sources, scheduling power plants in accordance with the Transmission System Regulations, National Grid Dispatching Procedures, Competitive Wholesale Electricity Market Operation Regulations issued by the Ministry of Industry and Trade, and other relevant legal provisions.

3. The System Operator and the Electricity Market shall be responsible for preparing payment statements calculating the revenue of Renewable Energy Power Generation Units on the spot market during the trading cycle and payment period, and announcing them in accordance with the Competitive Wholesale Electricity Market Operation Regulations issued by the Ministry of Industry and Trade.

4. Renewable Energy Power Generation Units shall be responsible for verifying, cross-checking, and confirming the payment statements on the Electricity Market's Electronic Information Website in accordance with the Competitive Wholesale Electricity Market Operation Regulations issued by the Ministry of Industry and Trade.

Article 11. Spot Electricity Market Price

The spot electricity market price is the full spot electricity market price formed for each trading cycle of the spot electricity market and is determined by the sum of the spot electricity energy price and the spot capacity price. In this context, the spot electricity energy price and the spot capacity price are determined according to the Provisions on the Operation of Competitive Wholesale Electricity Market issued by the Ministry of Industry and Trade.

Article 12. Payment for Renewable Energy Power Generation Units Selling Electricity on the Spot Electricity Market

The payment for renewable energy power generation units selling electricity on the spot electricity market is determined according to the following formula:

Where:

1. Rg: Total payments for electricity energy in the settlement period (in dong).

2. Qmq(i)_{: Measured electricity output of the renewable energy power generation unit in trading cycle i (in kWh).}3. i: Trading cycle i within the settlement period.

4. I: Total number of trading cycles within the settlement period.

5. FMP

: Spot electricity market price in trading cycle i (in dong/kWh)._(i)Article 13. Settlement Procedures

1. Renewable energy power generation units, system operation and electricity market units, Vietnam Electricity Corporation (or authorized units) shall carry out tasks related to establishing, publishing, reconciling, and confirming statements on the spot electricity market according to the Provisions on the Operation of Competitive Wholesale Electricity Market issued by the Ministry of Industry and Trade.

2. Renewable energy power generation units, Vietnam Electricity Corporation (or authorized units) shall carry out tasks related to payment (preparing payment documents, adjusting invoices, making payments, adjusting payments, and other relevant tasks) according to the agreement in the signed power purchase and sale contract between both parties.

Section 2. PURCHASE AND SALE OF ELECTRICITY WITH THE ELECTRICITY CORPORATION

Article 14. General Principles

1. Large electricity consumers or retail electricity suppliers in authorized zone or cluster models may purchase electricity from the Electricity Corporation to meet their entire demand.

2. In cases where the electricity consumption volume of large electricity consumers or the electricity purchase volume of retail electricity suppliers in authorized zone or cluster models in the trading cycle is lower than the electricity generation volume of renewable energy power generation units in that trading cycle (converted to the delivery point of large electricity consumers or retail electricity suppliers in authorized zone or cluster models), the entire electricity consumption volume of large electricity consumers or the electricity purchase volume of retail electricity suppliers in authorized zone or cluster models must be settled according to the following cost components:

a) Cost of purchasing electricity from the Electricity Corporation at the spot electricity market price according to the Provisions on the Operation of Competitive Wholesale Electricity Market issued by the Ministry of Industry and Trade (taking into account transmission and distribution network losses);

b) System service costs, including the following services: transmission, distribution-retail, system dispatching, market transaction management, and industry management;

c) Cost of offsetting differences as stipulated in Appendix IV attached to this Decree.

3. In cases where the electricity consumption volume of large electricity consumers or the electricity purchase volume of retail electricity suppliers in authorized zone or cluster models in the trading cycle is higher than the electricity generation volume of renewable energy power generation units in that trading cycle (converted to the delivery point of large electricity consumers or retail electricity suppliers in authorized zone or cluster models), the settlement shall be carried out as follows:

a) The portion of the electricity consumption volume of large electricity consumers or the electricity purchase volume of retail electricity suppliers in authorized zone or cluster models corresponding to the electricity generation volume of renewable energy power generation units shall be settled according to the provisions of paragraph 2 of this Article;

b) The excess portion of the electricity consumption volume of large electricity consumers or the electricity purchase volume of retail electricity suppliers in authorized zone or cluster models compared to the electricity generation volume of renewable energy power generation units shall be settled at the applicable retail electricity price for the corresponding customer group based on usage purpose, voltage level, and time of day according to the Provisions on Implementing Electricity Sales Prices issued by the Ministry of Industry and Trade.

b) The portion of electricity consumption volume of large electricity customers or the electricity purchase volume of retail electricity units at authorized zone or cluster models that differs from the production volume of renewable energy power generation units shall be settled at the retail electricity price applicable to the corresponding customer group based on the object, purpose of use, voltage level, and time of electricity usage during the day as prescribed in the regulations on implementing electricity selling prices issued by the Ministry of Industry and Trade.

Article 15. Electricity Purchase and Sale Contract between Large Electricity Consumers or Retail Electricity Units in Authorized Zone Models with the Electricity Corporation of Vietnam

Large electricity consumers or retail electricity units in authorized zone models and the Electricity Corporation of Vietnam (or units authorized and delegated) shall negotiate, agree upon, and sign the Electricity Purchase and Sale Contract according to the main contents prescribed in Appendix II issued together with this Decree, ensuring compliance with the provisions of Article 22 of the Electricity Law and other relevant laws.

Article 16. Payment between Large Electricity Consumers or Retail Electricity Units in Authorized Zone Models and the Electricity Corporation of Vietnam

1. The total cost of purchasing electricity of large electricity consumers or retail electricity units in authorized zone models from the Electricity Corporation of Vietnam in each payment period of year N under the Electricity Purchase and Sale Contract signed between both parties shall be determined according to the following formula:

C_SCL TTĐ_{+ C} ĐMT_BL

Where:

: Total cost of electricity purchase for the year (VND) from direct and indirect power plants participating in the electricity market, as specified in Clause 2 of this Article;_SCL: Total cost of purchasing electricity of large electricity consumers or retail electricity units in authorized zone models from the Electricity Corporation of Vietnam (in dong);

c) C_{+ C}: Cost of purchasing electricity of large electricity consumers or retail electricity units in authorized zone models from the Electricity Corporation of Vietnam on the electricity market (in dong), determined according to the following formula:

C_{+ C} ⁼ C_DN ĐMT_DPPA ĐMT_CL

Where:

C_DN: Electricity cost paid at market electricity prices (in dong), determined according to the provisions of Clause 2 of this Article;

C_DPPA: System service cost (in dong), determined according to the provisions of Clause 4 of this Article;

C_CL: Cost of offsetting price differences, determined in Appendix IV issued together with this Decree (in dong).

(VND) from small renewable energy power plants, as specified in Clause 2 of this Article;_BL: Cost of purchasing electricity in each trading cycle at the regulated retail electricity price stipulated in Clause 3 of Article 14 of this Decree (in dong), specifically:

Where:

"5. The pre-tax weighted average cost of capital i (%) is determined according to the formula below:_BL(i): Current regulated retail electricity price in trading cycle i issued by the Ministry of Industry and Trade (dong/kWh);

Article 24_KH(i): Actual consumption volume of large electricity consumers or actual purchase volume of retail electricity units in authorized zone models in cycle i (kWh);

Article 24 _KHhc(i): Adjusted electricity consumption of large electricity consumers or actual purchase volume of retail electricity units in authorized zone models in trading cycle i (kWh), determined as follows:

Article 24_KHhc(i) = MIN (Q_KH(i); Q_m(i))

In which Q_m(i) is the actual generation volume of renewable energy power generation units converted according to the loss factor stipulated in Clause 3 of this Article. In cases where large electricity consumers or retail electricity units in authorized zone models have long-term contracts with multiple renewable energy power generation units or where renewable energy power generation units have long-term contracts with multiple large electricity consumers or retail electricity units in authorized zone models, the actual generation volume of renewable energy power generation units shall be determined according to the agreed principle stipulated in Point d of Clause 1 of Article 26 of this Decree.

2. The component of electricity cost at market electricity prices in each payment period of year N (CDN) shall be determined according to the following formula:

Where:

a) i: Trading cycle i in the payment period (corresponding to the trading cycle of the spot electricity market);

b) I: Total number of trading cycles in the payment period;

c) Q_KHhc(i): Adjusted electricity consumption of large electricity consumers or actual purchase volume of retail electricity units in authorized zone models in trading cycle i (kWh), determined according to the provisions of Clause 1 of this Article;

d) CFMP_(i): Spot electricity market purchase price of the Electricity Corporation of Vietnam in trading cycle i (dong/kWh), determined according to the Provisions on the Operation of Competitive Wholesale Electricity Market issued by the Ministry of Industry and Trade;

đ) K_PP: Loss adjustment factor on the distribution network of the Electricity Corporation of Vietnam, determined according to the provisions of Clause 3 of this Article.

3. Method for determining the loss adjustment factor on the distribution network (K_PP) applicable to the Electricity Corporation of Vietnam in year N

a) In case large electricity consumers or retail electricity units in authorized zone models purchase electricity at voltage levels from 22kV to below 110kV, K_PP are determined according to the following formula:

Where:

L_HV (%): Loss ratio on the distribution network at voltage levels from 110kV and above in year N of the Electricity Corporation of Vietnam;

L_MV (%): Loss ratio on the distribution network at voltage levels from 22kV to below 110kV in year N of the Electricity Corporation of Vietnam.

b) In case large electricity consumers or retail electricity units in authorized zone models purchase electricity at voltage levels from 110kV and above, K_PP are determined according to the following formula:

Where:

L_HV (%): Loss ratio on the distribution network at voltage levels from 110kV and above in year N of the Electricity Corporation of Vietnam.

4. System service cost (C_DPPAVL

Where:

a) i: Trading cycle i in the payment period (corresponding to the trading cycle of the spot electricity market);

b) I: Total number of trading cycles in the payment period;

c) Q_KHhc(i): Adjusted electricity consumption of large electricity consumers or actual purchase volume of retail electricity units in authorized zone models in trading cycle i (kWh);

(VND) from power plants using renewable and new energy including storage systems, as specified in Clause 2 of this Article;_DPPAđv: System service cost per unit of electricity for year N (dong/kWh), including costs for transmission services, distribution-retail services, system dispatching services, electricity market transaction operation services, industry management and operation services, determined by dividing the total costs and benchmark profits of the transmission, distribution-retail, system dispatching, and electricity market transaction operation services, and industry management and operation services by the total domestic electricity sales volume of the Electricity Corporations with data taken from the corresponding figures in the annual average retail electricity price plan of year N developed by the Vietnam Electricity Group and reviewed and commented on by the competent authority according to the Mechanism for Adjusting the Average Retail Electricity Price Level issued by the Prime Minister.

In the case where there is no annual average retail electricity price plan for year N established by Vietnam Electricity Corporation and reviewed and commented on by the competent authority according to the mechanism for adjusting the average retail electricity price issued by the Prime Minister, the data used to calculate C shall be the results of the cost inspection of the electricity production and business activities in year N-2 with the predetermined profit margins for transmission, distribution-retail, system dispatching, power market operation management, ancillary services for the system, and industry management determined by multiplying the equity capital with the return on equity at the current average retail electricity price plan in year N-2. Large electricity consumers or retail electricity units in authorized zone or cluster models that have settled the costs of using system services for payment periods from the beginning of the year up to before the payment period with data C shall calculate according to the annual average retail electricity price plan for year N._DPPAđv are the figures according to the results of checking production and business costs for electricity year N-2 with the standard profit margins for transmission, distribution-retail electricity, system dispatching, market operation management, ancillary services of the system, and industry operation-management determined by multiplying the equity capital with the return on equity ratio under the current average retail electricity price scheme in year N-2. Large electricity customers or retail electricity units at authorized zone or cluster models and Electricity Corporation Joint Stock Company shall settle the system service usage costs for periods already completed from the beginning of the year up to the payment period prior to having data C._DPPAđv calculated according to the annual average retail electricity price plan for year N.

5. In addition to the electricity purchase costs related to direct electricity trading activities stipulated in this Decree, if there are other electricity trading activities between large electricity consumers or retail electricity units in authorized zone or cluster models and Vietnam Electricity Corporation, the parties shall negotiate, agree upon, and implement payments in accordance with the provisions of the Contract and relevant laws.

Section 3. ELECTRICITY TRADING BETWEEN LARGE ELECTRICITY CONSUMERS OR RETAIL ELECTRICITY UNITS IN AUTHORIZED ZONE OR CLUSTER MODELS WITH RENEWABLE ENERGY GENERATION UNITS

Article 17. Forward Contracts

1. Renewable energy generation units and large electricity consumers or retail electricity units in authorized zone or cluster models shall negotiate and sign forward contracts based on the main contents prescribed in Appendix III attached to this Decree.

2. The term of the forward contract, the contract price, and the committed electricity volume in the forward contract for future trading cycles shall be agreed upon and unified by both parties.

Article 18. Settlements Between Large Electricity Consumers or Retail Electricity Units in Authorized Zone or Cluster Models and Renewable Energy Generation Units

1. The contract volume and contract price for each trading cycle on the spot electricity market shall be agreed upon and unified by both parties.

2. The reference price shall be calculated and published by the System Operator and the Electricity Market according to the Provisions on the Operation of Competitive Wholesale Electricity Market issued by the Ministry of Industry and Trade.

3. Large electricity consumers or retail electricity units in authorized zone or cluster models and renewable energy generation units shall calculate and settle the contracted electricity volume according to the forward contract by the difference between the committed price in the contract and the spot electricity market price (reference price), specifically as follows:

Where:

a) R_{specialized agency under the People's Committee of the province/city.}: Revenue of the renewable energy generation unit under the forward contract during the settlement period (VND);

b) i: Trading cycle i within the settlement period;

c) I: Total number of trading cycles within the settlement period;

d) P_c(i): Committed price in the forward contract (VND/kWh);

đ) FMP_(i): Spot electricity market price in trading cycle i (VND/kWh);

e) Q_c(i): Committed electricity volume in the forward contract for trading cycle i (kWh).

Section 4. RESPONSIBILITIES OF THE UNITS

Article 19. Responsibilities of Vietnam Electricity Corporation

1. Agreeing and signing power purchase agreements with renewable energy power generation units upon receipt of their written requests to sell electricity and related documents.

2. Checking the calculation results of the Electricity Corporation regarding the expected annual electrical energy loss ratio for year N (K_PP) and announcing this ratio before November 30 of year N-1.

3. Calculating and reporting to the Ministry of Industry and Trade the calculation results prior to announcing decisions on the costs stipulated in Article 16 of this Decree, including:

a) The system service usage cost for each unit of electricity applicable to customers of the Electricity Corporations for year N as prescribed in point d, Clause 4, Article 16 of this Decree before December 15 of year N-1.

In case the system service usage cost for each unit of electricity applicable to customers of the Electricity Corporations for year N announced before December 15 of year N-1 is calculated based on the production and business cost results of year N-2, within seven working days from the date when the average retail electricity price adjustment mechanism for year N is reviewed and commented by the competent authority as prescribed by the Prime Minister, update the system service usage cost for each unit of electricity for year N as prescribed in point d, Clause 4, Article 16 of this Decree;

b) Before the first day of month M-1, calculating and announcing the offset cost difference for month M-2 (P_CL).

Article 20. Responsibilities of System Operation Units and Electricity Market

1. Managing the registration process for participation in the direct power purchase mechanism between renewable energy power generation units and large electricity consumers through the national grid, ensuring that the total capacity of renewable energy does not exceed the total capacity of renewable energy sources as specified in the approved National Power Development Plan.

2. Operating the power system and electricity market in accordance with the Transmission System Regulations, National Power System Dispatching Procedures, Competitive Wholesale Electricity Market Operations Regulations issued by the Ministry of Industry and Trade, and other relevant laws.

3. Announcing monthly the list and electricity consumption volume of large electricity consumers participating in the direct power purchase mechanism with renewable energy power generation units through the national grid.

4. Announcing monthly the list and electricity generation volume of renewable energy power generation units participating in the direct power purchase mechanism with large electricity consumers through the national grid.

5. Monitoring, identifying, and reporting to the Ministry of Industry and Trade any issues arising and any actions suspected of violating regulations during the implementation of the direct power purchase mechanism.

Article 21. Responsibilities of Renewable Energy Power Generation Units

1. Investing in construction and putting into commercial operation power plants in accordance with the schedule committed in the application for direct power purchase participation.

2. Registering to participate in the competitive wholesale electricity market; complying with the Competitive Wholesale Electricity Market Operations Regulations issued by the Ministry of Industry and Trade.

3. Signing power purchase agreements with Vietnam Electricity Corporation on the electricity market; negotiating and signing term contracts with large electricity consumers.

4. Providing information about the implementation status, emerging issues, and difficulties encountered during the execution of direct power purchases according to the requirements of the competent authority.

Article 22. Responsibilities of the Electricity Corporation

1. Negotiate and sign electricity purchase and sale contracts with large electricity consumers participating in direct electricity trading within seven working days from the date of receiving complete request documents for electricity purchase and related materials from large electricity consumers.

2. Invest in and install electricity metering systems (including main metering systems and backup metering systems), remote data collection systems at metering points for electricity energy exchange with large electricity consumers to serve calculation and payment according to regulations, except where there is a different agreement with large electricity consumers.

3. Before November 15 of year N-1, calculate the expected electricity loss ratio for year N (K) in accordance with Clause 3, Article 16 of this Decree and submit it to the Vietnam Electricity Group for verification and publication._PP4. Provide information on implementation status, arising issues, and difficulties during the implementation process upon the request of competent authorities.

Article 23. Responsibilities of Retail Electricity Units in Industrial Zones and Clusters

1. Negotiate with large electricity consumers regarding retail electricity costs within industrial parks, economic zones, export processing zones, industrial clusters, high-tech zones, concentrated information technology zones, and high-tech agricultural application zones in accordance with the regulations of the Ministry of Industry and Trade within thirty days from the date of receiving request documents and accompanying files from large electricity consumers.

2. Terminate electricity purchase and sale contracts signed with large electricity consumers participating in direct electricity trading within seven working days from the date of reaching an agreement with large electricity consumers on retail electricity costs within industrial parks, economic zones, export processing zones, industrial clusters, high-tech zones, concentrated information technology zones, and high-tech agricultural application zones, except as provided for in Clause 3 of this Article.

3. In cases where retail electricity units in industrial zones and clusters are authorized by large electricity consumers in accordance with point c, Clause 2, Article 2 of this Decree, they shall be responsible for:

a) Agreeing to sign electricity purchase and sale contracts with the Electricity Corporation in accordance with Clause 1, Article 24 of this Decree;

b) Amending and signing electricity purchase and sale contracts with large electricity consumers to ensure commitments as stipulated in point a of this clause;

c) Agreeing on retail electricity costs within industrial parks, economic zones, export processing zones, industrial clusters, high-tech zones, concentrated information technology zones, and high-tech agricultural application zones (from the total electricity meter of the authorized retail electricity unit in industrial zones and clusters to the retail electricity meter for large electricity consumers), costs arising from term contracts signed between renewable power generation units and authorized retail electricity units in industrial zones and clusters.

Article 24. Responsibilities of Large Electricity Consumers

1. In cases where large electricity consumers trade electricity with the Electricity Corporation:

a) Negotiate and sign electricity purchase and sale contracts with the Electricity Corporation, term contracts with renewable power generation units;

b) Provide information on the principle of allocating actual power generation volumes of renewable power generation units to large electricity consumers in each trading cycle to the system operator and electricity market and the Electricity Corporation;

c) Provide information on implementation status, arising issues, and difficulties during the implementation process upon the request of competent authorities.

2. In cases where large electricity consumers authorize retail electricity units in industrial zones and clusters, large electricity consumers shall negotiate and agree on:

a) Amending and signing electricity purchase and sale contracts with authorized retail electricity units in industrial zones and clusters to ensure commitments as stipulated in Clause 1 of this Article;

b) Agreeing on retail electricity costs within industrial parks, economic zones, export processing zones, industrial clusters, high-tech zones, concentrated information technology zones, and high-tech agricultural application zones (from the total electricity meter of the authorized retail electricity unit in industrial zones and clusters to the retail electricity meter for large electricity consumers), costs arising from term contracts signed between renewable power generation units and authorized retail electricity units in industrial zones and clusters.

PROCEDURES FOR IMPLEMENTATION AND REPORTING REGIME

Chapter IV

PROCEDURES FOR IMPLEMENTATION AND REPORTING REGIME

Article 25. Procedure for Participating in Direct Electricity Trading Through Dedicated Transmission Lines

1. Renewable energy power generation units or Investors of renewable energy power generation projects shall comply with regulations related to planning, investment, construction, and issuance of electricity operation permits for projects, power sources, and grids to sell electricity directly to large electricity consumers in accordance with Article 5 of this Decree.

2. Renewable energy power generation units and large electricity consumers shall negotiate, agree upon, and sign electricity purchase and sale contracts in accordance with Article 6 of this Decree.

3. Large electricity consumers shall report in writing on the signing of direct electricity purchase and sale contracts with renewable energy power generation units (attached with copies of the electricity purchase and sale contracts) and send them directly or through postal services to the People's Committee of the province where they are located, while also notifying in writing (attached with copies of the electricity purchase and sale contracts) the Electricity Corporation (operating in the area) and the System Operation and Electricity Market Units.

4. The main contents of the report include: Notification of the signing of direct electricity purchase and sale contracts between large electricity consumers and renewable energy power generation units; Information about large electricity consumers (location of electricity consumption facilities, purpose of electricity use, current electricity usage status (if applicable), infrastructure to participate in the electricity market and current electricity prices (if applicable)); Current status of renewable energy power generation units (type of power plant, capacity, current status of the power plant, infrastructure to participate in the electricity market and current electricity prices).

Article 26. Procedure for Participating in Direct Electricity Trading Through the National Grid

1. Large electricity consumers or Retail Electricity Suppliers in authorized zones and clusters as stipulated in Clause 2 of Article 2 of this Decree, if agreeing to participate in the direct electricity trading mechanism through the national grid, shall submit registration files to participate in the direct electricity trading mechanism directly to the System Operation and Electricity Market Units or through postal services, including:

a) A document requesting participation in the direct electricity trading mechanism;

b) A document agreeing on the principle of signing a contract between renewable energy power generation units and large electricity consumers or Retail Electricity Suppliers in authorized zones and clusters regarding electricity purchase and sale through Forward Contracts as stipulated in Article 17 of this Decree when participating in the direct electricity trading mechanism, including information about the expected signing of Forward Contracts between both parties, the expected termination of existing electricity purchase and sale contracts of renewable energy power generation units to participate in the direct electricity trading mechanism;

c) Report on the current status of renewable energy power generation units (type of power plant, capacity, current status of the power plant, infrastructure to participate in the electricity market and current electricity prices);

d) Information about large electricity consumers or Retail Electricity Suppliers in authorized zones and clusters (location of electricity consumption facilities, purpose of electricity use, current electricity usage status (if applicable), infrastructure to participate in the electricity market and current electricity prices (if applicable));

đ) A document agreeing on the principle of allocating actual generated electricity from renewable energy power generation units to large electricity consumers or Retail Electricity Suppliers in authorized zones and clusters during each trading cycle (Qm);_(i)).

2. Large electricity consumers in industrial parks, economic zones, export processing zones, industrial clusters, high-tech zones, concentrated information technology zones, or high-tech agricultural application zones, or Retail Electricity Suppliers in authorized zones and clusters as stipulated in Clause 2 of Article 2 of this Decree shall supplement the following documents:

a) A document agreeing on the responsibility of the Electricity Corporation to install metering devices for large electricity consumers or Retail Electricity Suppliers in authorized zones and clusters engaged in direct electricity trading that meet technical conditions and the expected cost of purchasing electricity as stipulated in Article 18 of this Decree;

b) In case of terminating contracts with Retail Electricity Suppliers in industrial parks: A document agreeing on the expected termination of electricity purchase and sale contracts signed between both parties when participating in the direct electricity trading mechanism and the retail price within the boundaries of industrial parks, economic zones, export processing zones, industrial clusters, high-tech zones, and concentrated information technology zones (from the metering device of the Retail Electricity Supplier in authorized zones and clusters to the metering device selling electricity to large electricity consumers);

c) In case of continuing contracts with Retail Electricity Suppliers in industrial parks: An authorization document from large electricity consumers and a document agreeing on amendments to electricity purchase and sale contracts with large electricity consumers to participate in the direct electricity trading mechanism.

3. Within five working days from receiving the registration file to participate in the direct electricity trading mechanism as stipulated in Clauses 1 and 2 of this Article, the System Operation and Electricity Market Units shall be responsible for:

a) Sending the file to the Electricity Corporation, Retail Electricity Suppliers managing large electricity consumers, confirming the file of large electricity consumers or Retail Electricity Suppliers in authorized zones and clusters and the possibility of converting existing electricity purchase and sale contracts to the direct electricity trading mechanism;

b) Sending the file to the Vietnam Electricity Group to confirm the possibility of signing electricity purchase and sale contracts on the spot electricity market with renewable energy power generation units as stipulated in Article 9 of this Decree;

c) Review the compliance of the documents submitted by Large Electricity Consumers or Retail Electricity Suppliers at authorized zone or cluster models in accordance with point đ, clause 1 of this Article. In cases where the actual power generation volume of Renewable Energy Power Generation Units that have long-term contracts with Large Electricity Consumers or Retail Electricity Suppliers at authorized zone or cluster models cannot be determined, the System Operator and Electricity Market shall be responsible for guiding Large Electricity Consumers or Retail Electricity Suppliers at authorized zone or cluster models to re-coordinate with Renewable Energy Power Generation Units on the principle of power allocation.

4. Within five working days from the date of receipt of the documents sent by the System Operator and Electricity Market:

a) The State-owned Enterprise of Electricity, Retail Electricity Suppliers at zone or cluster models shall issue a confirmation letter regarding the readiness and the anticipated date of contract conversion for electricity purchase and sale with Large Electricity Consumers or Retail Electricity Suppliers at authorized zone or cluster models and send it to the System Operator and Electricity Market;

b) The Vietnam Electricity Group shall issue a confirmation letter regarding the readiness and the anticipated date of signing spot market electricity purchase and sale contracts with Renewable Energy Power Generation Units and send it to the System Operator and Electricity Market.

5. Within five working days from the date of receipt of the response letter from the Vietnam Electricity Group, the State-owned Enterprise of Electricity, Retail Electricity Suppliers at zone or cluster models, and the re-coordinated principle of power allocation of Large Electricity Consumers or Retail Electricity Suppliers at authorized zone or cluster models in accordance with point đ, clause 1 of this Article, the System Operator and Electricity Market shall issue a response letter to Large Electricity Consumers or Retail Electricity Suppliers at authorized zone or cluster models regarding:

The anticipated date of signing spot market electricity purchase and sale contracts between the Vietnam Electricity Group and Renewable Energy Power Generation Units.

The anticipated date of converting existing electricity purchase and sale contracts between the State-owned Enterprise of Electricity, Retail Electricity Suppliers at authorized zone or cluster models and Large Electricity Consumers.

The anticipated date of applying direct electricity purchase and sale mechanisms.

6. The Vietnam Electricity Group, the State-owned Enterprise of Electricity, Retail Electricity Suppliers at zone or cluster models, Renewable Energy Power Generation Units, and Large Electricity Consumers or Retail Electricity Suppliers at authorized zone or cluster models shall proactively negotiate and sign contracts in accordance with Articles 9, 15, and 17 of this Decree.

7. Renewable Energy Power Generation Units, Large Electricity Consumers or Retail Electricity Suppliers at authorized zone or cluster models, and related units shall be responsible for investing in and equipping infrastructure to meet the conditions for participating in direct electricity purchase and sale mechanisms and submit a confirmation letter to the System Operator and Electricity Market regarding the completion of participation conditions in direct electricity purchase and sale mechanisms. Documents attached to the letter include: registration documents for participating in the electricity market of power generation units, copies of contracts as stipulated in Articles 9, 15, and 17 of this Decree.

8. The System Operator and Electricity Market shall review the documents in accordance with clause 7 of this Article and notify in writing to the Renewable Energy Power Generation Unit in accordance with the market operation regulations issued by the Ministry of Industry and Trade, while also notifying in writing the Vietnam Electricity Group, the State-owned Enterprise of Electricity, Retail Electricity Suppliers at zone or cluster models, and Large Electricity Consumers or Retail Electricity Suppliers at authorized zone or cluster models about the official start date of direct electricity purchase and sale operations between Renewable Energy Power Generation Units and Large Electricity Consumers or Retail Electricity Suppliers at authorized zone or cluster models.

Article 27. Suspension, Termination, and Restoration of Participation in Direct Electricity Purchase and Sale Mechanism

1. Suspension of Participation in Direct Electricity Purchase and Sale Mechanism

a) Suspend participation in the direct electricity purchase and sale mechanism for large electricity consumers or retail electricity suppliers in authorized zone models, renewable energy power generation units in the following cases: Market suspension according to the Competitive Wholesale Electricity Market Operation Regulation issued by the Ministry of Industry and Trade; One of the contracts under the direct electricity purchase and sale mechanism is suspended or expires, affecting the interests of the parties involved; Exploiting mechanisms and policies for personal gain; Large electricity consumers who have participated in the direct electricity purchase and sale mechanism have an average monthly electricity consumption (calculated over 12 consecutive months) less than 200,000 kWh/month.

b) Payment in the case of suspension of participation in the direct electricity purchase and sale mechanism for large electricity consumers or retail electricity suppliers in authorized zone models, renewable energy power generation units: Large electricity consumers purchase electricity at the retail electricity tariff as prescribed by the Ministry of Industry and Trade; Retail electricity suppliers in authorized zone models purchase electricity from the State Power Corporation at the current electricity tariff; Renewable energy power generation units sell electricity to Vietnam Electricity Group (or authorized unit), negotiate and agree on the power generation price within the framework of the renewable energy power generation price issued by the Ministry of Industry and Trade or other current electricity pricing mechanisms.

2. Termination of Participation in Direct Electricity Purchase and Sale Mechanism

a) The parties terminate participation in the direct electricity purchase and sale mechanism when one of the following situations occurs: Voluntary termination upon request of the participating parties; exploiting mechanisms and policies for personal gain with consequences that cannot be remedied;

b) In the event of termination of participation in the direct electricity purchase and sale mechanism, renewable energy power generation units, large electricity consumers, retail electricity suppliers in authorized zone models, and the State Power Corporation shall be responsible for negotiating and signing electricity purchase and sale contracts in accordance with current regulations.

3. Restoration of Participation in Direct Electricity Purchase and Sale Mechanism

a) The parties restore participation in the mechanism when one of the following situations occurs: When violations have been remedied and confirmed by the competent authority; the competent authority issues a decision to continue operating the electricity market;

b) In the case of restoration, the units shall be responsible for continuing to implement the agreements in the signed electricity purchase and sale contracts.

4. Authority in Matters of Suspension, Termination, and Restoration of Participation in Direct Electricity Purchase and Sale Mechanism

a) The Minister of Industry and Trade decides to suspend and restore participation in the direct electricity purchase and sale mechanism for large electricity consumers or retail electricity suppliers in authorized zone models, renewable energy power generation units based on reports and recommendations of Vietnam Electricity Group, System Operator or other relevant agencies and organizations;

b) The Minister of Industry and Trade decides to terminate participation in the direct electricity purchase and sale mechanism for large electricity consumers or retail electricity suppliers in authorized zone models, renewable energy power generation units after soliciting written opinions from relevant agencies (if any).

Article 28. Reporting Regime

1. Reporting Requirements for Direct Electricity Purchase and Sale through Dedicated Transmission Lines

a) Report Information When Starting Direct Electricity Purchase and Sale Through Dedicated Transmission Lines

Report Name: Report on Direct Electricity Purchase and Sale;

Report Content: Information about the contract subjects (buyer, seller); agreed electricity volume; electricity price; other contents;

Reporting Entity: Large electricity consumers;

Receiving Agency: Ministry of Industry and Trade, People's Committee of provinces and centrally governed cities (only receives reports of large electricity consumers within their jurisdiction);

Method of Submission: By postal service;

Deadline for Submission: Within 10 days from the date of signing the Direct Electricity Purchase and Sale Contract through dedicated transmission lines.

b) Annual Report on Results of Direct Electricity Purchase and Sale Through Dedicated Transmission Lines Year N-1

Report Name: Report on Results of Direct Electricity Purchase and Sale Through Dedicated Transmission Lines for Year N-1;

Report Content: Information about the contract subjects (buyer, seller); electricity volume traded in the year; direct electricity purchase costs each month and annually; difficulties, obstacles, suggestions;

Reporting Entity: Large electricity consumers;

Receiving Agency: Ministry of Industry and Trade, People's Committee of provinces and centrally governed cities;

Method of Submission: By postal service;

Deadline for Submission: Before January 30, Year N;

Frequency of Submission: Annually.

2. Reporting Requirements for Direct Electricity Purchase and Sale Through National Grid

a) Monthly Report on Results of Direct Electricity Purchase and Sale Through National Grid Month M-1

Report Name: Report on Results of Direct Electricity Purchase and Sale for the Previous Month;

Report Content: Total number of renewable energy power generation units and large electricity consumers or retail electricity suppliers in authorized zone models participating in the direct electricity purchase and sale mechanism; information about the contract subjects (buyer, seller); electricity volume traded in the month; direct electricity purchase costs in the month; difficulties, obstacles, suggested solutions (if any);

Reporting Entity: System Operator and Electricity Market Operator, State Power Corporation;

Receiving Agency: Ministry of Industry and Trade, People's Committee of provinces and centrally governed cities (only receives reports of State Power Corporation within their jurisdiction);

Method of Submission: By email or postal service;

Deadline for Submission: Before the 20th day of Month M;

Frequency of Submission: Monthly.

b) Report on Implementation and Results of Direct Electricity Purchase and Sale Mechanism Through National Grid Nationwide for the Previous Quarter

Report Name: Report on Implementation and Results of Direct Electricity Purchase and Sale Mechanism Through National Grid Nationwide for the Previous Quarter;

Content of the report: Total number of power generation units and large electricity consumers or retail electricity companies participating in direct electricity purchase and sale mechanisms in zone and cluster models authorized to participate; information about the contracting parties (buyer, seller); quantity of electricity purchased and sold in the quarter; direct electricity purchase costs in the quarter; difficulties, obstacles, and proposed solutions (if any).

Reporting entity: Vietnam Electricity Corporation.

Receiving authority: Ministry of Industry and Trade.

Method of Submission: By email or postal service;

Deadline for submission of the report: Before the first day of the month at the beginning of the quarter.

Frequency of submission of the report: Quarterly.

c) Report on the results of direct electricity purchase and sale through the national grid in year N-1.

Name of the report: Report on the results of implementing the direct electricity purchase and sale mechanism through the national grid nationwide in year N-1.

Content of the report: Total number of power generation units and large electricity consumers or retail electricity companies participating in direct electricity purchase and sale mechanisms in zone and cluster models authorized to participate; information about renewable energy power generation units and large electricity consumers; quantity of electricity purchased and sold in the year; direct electricity purchase costs in the year; difficulties, obstacles, and proposed solutions (if any).

Reporting entity: Vietnam Electricity Corporation; system operation and market operation units, Electricity Joint Stock Corporation.

Receiving authority: Ministry of Industry and Trade, People's Committee of provinces and centrally governed cities (only receives reports from Electricity Joint Stock Corporations within their jurisdictional areas).

Method of Submission: By email or postal service;

Deadline for Submission: Before January 30, Year N;

Frequency of Submission: Annually.

Chapter V

IMPLEMENTING PROVISIONS

Article 29. Responsibility for Implementation

1. Ministry of Industry and Trade:

a) Is responsible before the Government for uniformly managing state affairs regarding the contents stipulated in this Decree to ensure national electricity security and system safety according to approved power development plans; based on technical and technological capabilities, the ability of the transmission network system, and the demand for various types of power sources participating in direct electricity purchase and sale, promptly report to the Prime Minister for consideration and decision on adjusting the power development plan in accordance with planning laws;

b) Take the lead and coordinate with relevant ministries to guide and monitor the implementation of the direct electricity purchase and sale mechanism; provide guidance, oversight, and resolve issues arising during the implementation of the direct electricity purchase and sale mechanism within their authority;

c) Provide comments on the report and the calculation of system service usage costs per unit of electricity applied to customers of Electricity Joint Stock Corporations in year N reported by Vietnam Electricity Corporation in accordance with Clause 4, Article 16 of this Decree;

d) Inspect, supervise, and handle complaints and violations during the implementation of the direct electricity purchase and sale mechanism;

đ) Take the lead and coordinate with relevant ministries to advise the Prime Minister on measures to terminate participation in the direct electricity purchase and sale mechanism for large electricity consumers and renewable energy power generation units.

2. People's Committees of provinces and centrally governed cities:

a) Are responsible for managing state affairs regarding the contents stipulated in this Decree within their jurisdiction;

b) Direct specialized agencies on electricity to inspect and supervise the implementation of electricity purchase and sale contracts in accordance with this Decree and related laws;

c) Inspect, supervise, and handle complaints and violations during the implementation of the direct electricity purchase and sale mechanism within their jurisdictional areas.

3. Vietnam Electricity Corporation:

a) Organize and direct subordinate units to implement direct electricity purchase and sale;

b) Guide and direct Electricity Joint Stock Corporations to draft the content of electricity purchase and sale contracts between Electricity Joint Stock Corporations and customers in accordance with Article 15 of this Decree;

c) Guide Electricity Joint Stock Corporations on business procedures, management, billing calculations, agreements, signing with customers, invoice issuance deadlines, payment deadlines, payment documents, and invoice formats applicable to groups of customers participating in direct electricity purchase and sale;

d) Guide Electricity Joint Stock Corporations on the settlement of components of direct electricity purchase and sale service costs (transmission cost, distribution-retail cost, system dispatching and market transaction management cost, system ancillary service cost, payment discrepancy cost) for related service providers;

đ) Guide Electricity Joint Stock Corporations on calculating the loss rate of electricity on distribution networks according to voltage levels stipulated in Clause 3, Article 16 of this Decree;

e) Evaluate the implementation of the direct electricity purchase and sale mechanism and compliance with reporting requirements stipulated in Article 28 of this Decree.

4. System operation and market operation units are responsible for guiding units participating in the direct electricity purchase and sale mechanism through the national grid in accordance with Article 20 of this Decree.

Article 30. Effective Date

1. This Decree takes effect from the date of issuance.

2. During implementation, if the legal normative documents cited for application in this Decree are amended, supplemented, or replaced by new legal normative documents, they shall be applied according to the new documents.

3. During implementation, if there are difficulties or obstacles, entities are advised to reflect them to the Ministry of Industry and Trade for research and advice to the Government to amend and supplement appropriately.