The Ministry of Industry and Trade has just issued Circular 54/2025/TT-BCT, simultaneously amending Circular 09/2025/TT-BCT and Circular 12/2025/TT-BCT related to the electricity generation price framework, electricity import price and method of determining electricity generation service price.
The amendment aims to update the system of formulas and criteria for determining prices and expand the scope of applicable subjects in accordance with the actual requirements of electricity market operations.
According to the Circular, many regulations in Circular 09/2025/BCT are adjusted, notably the addition of groups of factories that must apply the new electricity generation price framework, including factories whose price schedules or power purchase contracts have expired; BOT projects that have been transferred to the State; small-scale renewable energy plants that are no longer subject to the avoided cost pricing mechanism. Thereby, the electricity generation price framework will become an important reference basis for market participants after the end of the preferential period or long-term contract.
The Circular also clearly defines the scope of regulation for organizations and enterprises that own and operate power plants in Vietnam. Some subjects are excluded, such as multi-purpose strategic hydropower plants; renewable energy projects that are enjoying the avoided cost mechanism; power units that specialize in providing ancillary services and energy storage systems using independent batteries.
A notable new point is that for the first time, the concept of "flexible power plants" is included in the legal document. This concept includes plants using python internal combustion engine (RICE) technology or Aero-GT static aero turbine, solutions with fast start-up capability, modular design, suitable for the role of balancing supply and demand immediately and supporting stable operation of the power system in the context of a sharp increase in the proportion of renewable energy.
In addition, the concepts and calculation methods related to pumped storage power plants have also been improved. The update helps to reflect the specific characteristics of energy storage technology by taking advantage of the difference in elevation between reservoirs to pump, store and generate electricity according to system needs.
Circular 54/2025/TT-BCT also changes many contents on the method of calculating the power generation price framework, including the method of determining investment costs, discount rates, loan interest rates, domestic and foreign loan structure, as well as other input parameters. These parameters are clearly regulated in terms of data sources, average determination period, and legal basis to ensure transparency, science and ease of implementation in practice.
According to the Ministry of Industry and Trade, Circular 54/2025/TT-BCT will take effect from November 21, 2025. During the implementation process, if any problems arise, relevant organizations and individuals are responsible for reporting them to the Ministry of Industry and Trade for consideration, adjustment and completion to ensure compliance with the actual developments of the electricity market and system operation requirements.
See text details here !
Source: https://moit.gov.vn/tin-tuc/phat-trien-nang-luong/bo-cong-thuong-ban-hanh-thong-tu-sua-doi-khung-gia-phat-dien-va-phuong-phap-dac-dinh-gia-dich-vu-phat-dien.html
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