EVN Engages Renewable Energy Investors to Address Pricing and Regulatory Issues

The Electricity Power Trading Company (EVNEPTC), alongside representatives from Vietnam Electricity (EVN), has recently held discussions with investors of renewable energy projects that have received official acceptance test results from competent state agencies (CCA) following their recognized commercial operation date (COD). The meetings aimed to resolve regulatory and pricing challenges in accordance with Government Resolution 233.

During the discussions, EVN and EPTC requested investors to provide details on project completion reports submitted to state agencies for inspection and approval before commencing operations. Additionally, investors were asked to clarify whether their projects were developed independently or acquired through transfers, as well as to disclose any foreign investment stakes.

FIT Pricing Compliance and Adjustments

A key issue raised during the meetings was compliance with the Feed-in Tariff (FIT) pricing scheme. According to Report No. 321/BC-BCT from the Ministry of Industry and Trade, presented at a government-level meeting on December 12, 2024, projects benefiting from the FIT rate but found in violation of regulatory conditions will lose their entitlement to the preferential pricing. The electricity purchase price for such projects will be recalculated as per existing regulations, and any improperly received FIT incentives will be recovered through offsets in future electricity payments.

For renewable energy projects that received CCA approval after the expiration of FIT pricing policies, EVN and EPTC indicated that discussions would continue regarding potential adjustments to electricity selling prices under the FIT mechanism, pending further guidance from relevant authorities.

Constructive Dialogue with Investors

EVN and EPTC adopted a receptive and solution-oriented approach, ensuring open and direct discussions with renewable energy investors. These engagements allowed for an exchange of perspectives, addressing investor concerns while seeking pathways for regulatory compliance and price adjustments.