Electricity Law

Country / jurisdiction: Viet Nam · Year: 2005 · Status: In force · Level: National · Type: Voluntary

The Electricity Law provides regulations on power planning and investment for power development; electricity savings; power market; it provides rights and obligations of electricity organizations and individuals participating in electricity activities and usage; protection of electrical equipment, electricity works and power safety. The electric law stipulates functions, duties and rights in electricity operation, anti monopoly and allows competition in electricity generation, ensuring equality and fairness in energy supply and consumption. The law deals with institutional mechanism establishment in electricity sector: creating environment for commercial activities, ensuring financial aspects attracting the investors in investment in development of electricity. Encouraging saving, efficient electricity use and protecting environment. The electricity tariff is calculated sufficiently for covering all costs and benefit as well as taking into account the Governmental subsidy for serving social objective of rural electrification. Regarding rural electrification, the government will pay attention on combining the sector development plan with national socio-economic development plan, to favour investment policy, management of electricity supplied to rural, mountainous and island areas, including investment and tariff subsidy, encouraging development of renewable energy for rural electrification. Some points of the law related to renewable energy: State electricity development policy 1. To develop sustainable power sector based on optimal development of all sources to satisfy the steady increasing electricity demand for people life and the social-economic development with stable quality, safety and economization, advanced services contributing to national defense, security and national energy security. 2. To establish and develop power market 3. To apply advanced technology and science in electricity activities and usage for power saving, improvement of efficiency in consuming energy resources, protection of ecological environment. 4. To promote the exploration and consumption of new and renewable energy resources for power generation.

Official source: http://www.moit.gov.vn/web/guest/home