INCENTIVE POLICY FOR CUSTOMERS PARTICIPATING IN LOAD ADJUSTMENT PROGRAMS
On November 16, 2017, the Ministry of Industry and Trade prescribed contents and processes for implementation of load adjustment programs in Circular No. 23/2017/TT-BCT
Accordingly, customers participating in load adjustment programs shall be entitled to: Incentive sums per electricity load or capacity that they have reduced after making load adjustment events take place; or advantages given through electricity pricing mechanisms; or priority policies for improvement of reliability in power supply and quality of customer services, depending on actual conditions of the power system. Incentive policy is specified upon in the contract for participation in that load adjustment program.
Load adjustment programs includes: Load adjustment programs to be implemented through electricity pricing mechanisms; Load adjustment programs to be implemented through non-commercial preferential policies; Voluntary load adjustment programs… A load adjustment program shall be implemented according to the following principles: Balancing power supply and demand in the case of lack of power supply from the power system; Reducing overload or excess of power transmission limits, and eliminating risks of power grid overload (except in the case of emergency where an electrical load needs to be shed); Improving economic effectiveness of the power system.
This Circular takes effect on January 02, 2018.
