New Policies Reviewed in Draft Electricity Law
The Science, Technology and Environment Committee reviewed the draft amendments to the Electricity Law, requesting the improvement of critical policies and complex regulations.
The Science, Technology and Environment Committee reviewed the draft amending certain articles of the Electricity Law, emphasizing that important and complex policies must be meticulously reviewed and improved.
Committee Meeting and Chairmanship
The Science, Technology and Environment Committee met to examine the draft law amending and supplementing certain articles of the Electricity Law.
Nguyen Thanh Hai, member of the Party Central Committee and Chair of the Committee, chaired the meeting and made important evaluations.
Participants and Broad Participation
The session was attended by committee members, representatives of the National Assembly, officials from the Ministry of Industry and Trade, and electricity sector enterprises.
Representatives from various agencies and organizations shared their views on the articles of the draft law.
Rationale for the Law Amendment
Although the current Electricity Law entered into force recently, it needs to be updated in line with new policies and Politburo resolutions.
It was stated that the amendments are made to remove obstacles in practical operations and contribute to national energy security.
Critical Policies and Pricing
It was requested that complex issues such as the electricity pricing mechanism, investor selection, and direct power trading be meticulously examined.
It was proposed that special mechanisms such as renewable energy certificates and offshore wind power be addressed comprehensively.
Investment and Grid Regulations
Important regulations regarding the approval of investment policies and the financial feasibility of transmission infrastructure were put on the table.
The mechanism for socializing the transmission grid through Public-Private Partnerships was evaluated as an important step forward in the draft.
Applicability and Transition Provisions
It was stated that the applicability of the proposed amendments and the balance of decentralization must be established together with inspection mechanisms.
It was requested that transition provisions be meticulously prepared to prevent legal gaps upon the entry into force of the law.