📋 Tender Overview
On June 1, information from National Electricity System and Market Operation Company Limited (NSMO) said that TTC Duc Hue 2 Solar Power Plant of TTC Duc Hue Electricity Joint Stock Company - Long An officially participated in Vietnams competitive wholesale electricity market and participated in the direct power purchase and sale mechanism (DPPA) through the national grid from June 1, 2026. Download DPPA is a direct electricity trading mechanism between renewable energy generators and large electricity users. DPPA is a direct electricity trading mechanism between renewable energy generators and large electricity users, regulated by the Government in Decree No. 57/2025/ND-CP dated March 3, 2025, on the basis of the roadmap for forming and developing electricity market levels in Vietnam according to Decision No. 63/2013/QD-TTg dated November 8, 2013 of the Prime Minister. This mechanism contributes to expanding the choice of buying green electricity for large electricity users, promoting transparent electricity transactions and creating a premise for the development of the electricity market at the retail stage according to the roadmap. After the process of checking and appraising documents, conditions and requirements for participating in the electricity market and the DPPA mechanism, NSMO has reported to the Ministry of Industry and Trade, the Electricity Department, and at the same time informed the Vietnam Electricity Group, the Electricity Trading Company and relevant units about the issue. TTC Duc Hue 2 solar power plant of TTC Duc Hue Electricity Joint Stock Company - Long An officially participates in the Vietnam Competitive Wholesale Electricity Market and participates in the DPPA mechanism through the national grid from June 1, 2026. Participation in the electricity market is carried out in accordance with the operating regulations of the Competitive Wholesale Electricity Market in Circular No. 16/2025/TT-BCT and Circular No. 36/2025/TT-BCT of the Ministry of Industry and Trade. This is the first electricity generating unit to officially participate in the DPPA mechanism through the national grid and transact through the electricity market in Vietnam. Along with that, Samsung Electronics Vietnam Thai Nguyen Co., Ltd. (SEVT) became the first corporate customer to buy renewable electricity through the DPPA mechanism in Vietnam. The renewable power source supplied to SEVT is produced from Duc Hue 2 Solar Power Plant with a design capacity of 49 MWp/41.4 MWac, located in Tay Ninh province. With this DPPA contract, SEVT is expected to be guaranteed solar power output of about 70 GWh/year, equivalent to electricity output for about 17,000 households; At the same time, the project is expected to contribute to reducing emissions by about 46,000 tons of CO2/year. From the perspective of power system and electricity market operations, this milestone is not only the first commercial transaction but also an important practical operation step of a new mechanism. Electricity from renewable energy sources is transmitted to the national electricity system; Electricity output is measured, confirmed, mobilized, traded and paid through the electricity market according to regulations. Regarding operating conditions, TTC Duc Hue 2 Solar Power Plant is located in the southern region - an area with favorable solar radiation conditions with an average number of sunny hours of about 2,200-2,500 hours/year, contributing to creating a foundation for effectively exploiting solar power sources when participating in the electricity market and DPPA mechanism. Recording the first milestone of the DPPA mechanism through the national grid contributes to promoting the integration of renewable energy power sources, enhancing transparency in electricity transactions, supporting large electricity users to access green power sources and accompanying Vietnams sustainable energy transition goal. Anh Tho See moreDirect electricity trading mechanism: Opening the way for businesses to use green electricity See moreRemoving barriers to the direct electricity trading mechanism and developing renewable energy See moreMechanism Direct electricity trading mechanism between electricity generating units and large electricity users. See moreProposed direct electricity trading mechanism between renewable energy generating units and large electricity users. See more. Ministry of Industry and Trade recommends that provinces and cities implement a direct electricity trading mechanism.
