On February 10, 2017, the Ministry of Industry and Trade issued the Circular No. 02/2017/TT-BCT prescribing the regulations on methods and procedures for formulation, assessment and approval for electricity transmission price; applicable to Vietnam Electricity, National Power Transmission Corporation, system and market operator, Electric Power Trading Company, power corporations and customers who buy electricity directly from transmission system.
In accordance with this Circular, National Power Transmission Corporation shall be responsible for formulating the electricity transmission price and submit it to Vietnam Electricity for approval, and report to the Electricity Regulatory Authority. Before November 15 annually, Vietnam Electricity shall be responsible for submitting the electricity transmission price in Year N to the Electricity Regulatory Authority for assessment and approval. The Electricity Regulatory Authority shall be responsible for assessing electricity transmission price documents and allowed to employ consultants to carry out the assessment in case of need. If the documents are found ineligible, Vietnam Electricity shall be responsible for making supplements within five working days since receipt of the request from the Electricity Regulatory Authority.
Before December 05 annually, the Electricity Regulatory Authority shall be responsible for submitting the report on assessment of electricity transmission price in Year N to the Minister of Industry and Trade. And before December 15 annually, the Minister of Industry and Trade shall grant approval for the electricity transmission price.
Electricity transmission price documents include written statement for approval for electricity transmission price; explanations and calculations of transmission price and accompanying documents.
This Circular takes effect on March 27, 2017; and replaces the Circular No. 14/2010/TT-BCT dated April 15, 2010.
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