PRICING METHOD FOR ELECTRIC POWER SYSTEM'S ANCILLARY SERVICES
On November 15, 2018, the Ministry of Industry and Trade issues the Circular No. 46/2018/TT-BCT on amendments and supplement to the Circular No. 21/2015/TT-BCT dated June 23, 2015 by the Minister of Industry and Trade regulating pricing method for electric power system's ancillary services and procedures for scrutinizing a contract for the provision of electric power systems ancillary services.
This Circular supplements provision on method for long-term pricing of ancillary services as follows:
- The period for long-term pricing is equal to the effective period of the contract for the provision of long-term ancillary services specified in the Contract for provision of ancillary services;
- The pricing of a long-term ancillary service shall be calculated every year, commencing from the first year of the pricing period until the end of the contract’s period;
Fixed price, total fixed income, fixed asset depreciation cost, interest cost, fixed material cost, salary cost, major repair cost, outsourced service cost, other monetary costs, and profits in each year of the pricing period shall be calculated according to prices of fast start-up service and regular must-run generation service.
This Circular takes effect on January 01, 2019.
