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Wednesday, October 23, 2024

Vietnam rolls out new pricing policy for surplus rooftop solar power

By Truc Dao

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HCMC – The Government has issued a new decree regulating the sale of surplus electricity from rooftop solar systems used for self-production and consumption, reported the local media.

Decree No. 135, released on October 22, sets the price for excess electricity at the previous year’s average market price for electricity.

This policy applies to a wide range of sectors, including residential buildings, offices, factories, industrial parks, and economic zones, broadening the scope for rooftop solar adoption.

The decree also facilitates direct power purchase agreements between renewable energy producers and large electricity consumers, allowing renewable energy generators to sell power directly to users without relying on traditional utility providers.

Households and small individual systems with capacities under 100 kW can sell up to 20% of their surplus electricity to the national grid. Vietnam Electricity Group (EVN) will compensate for the surplus, but the payment will be limited to 20% of the installed system’s capacity.

To ensure stable energy production, the decree encourages the installation of energy storage systems. However, government buildings and public assets are prohibited from selling surplus electricity. Additionally, rooftop solar producers are exempt from requiring business licenses.

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