Competitive power market to resume operation on November 1
The Ministry of Industry and Trade has decided to resume the operation of the competitive electricity generation market (CGM) on November 1 after a one-month suspension.
Hanoi (VNA) – The Ministry ofIndustry and Trade has decided to resume the operation of the competitiveelectricity generation market (CGM) on November 1 after a one-month suspension.
The move was made after the ministrycarefully considered the operation of the electricity system in October and theplans to run the electricity system and the CGM in November.
The CGM was launched in July 2012 todiversify power sources, reduce the country’s dependence on hydropower plantsand make the power market more competitive.
However, from October 1, the operation ofthe market was suspended temporarily in order to maximise the consumption ofgas-based power production.
According to the ministry, the countryproduced and imported a total of 17.038 billion kWh of electricity in October,up 7.77 percent year-on-year. The electricity output met people’s power demandfor production and daily activities in the month.-VNA
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Illustrative image (Source: VNA) 
