Competitive Electricity Market - From Theory to Practical Application in Vietnam

Authors

  • Vu Ngoc Xuan National Economics University, Hanoi, Vietnam

Keywords:

— demand curve (D), the supply curve (S), marginal revenue (MR), marginal cost (MC), average expenditure (AE), the marginal expenditure (ME), the Electricity of Vietnam (EVN).

Abstract

Vietnam power market is still in a state monopoly (both monopsony and monopoly). On the market, the Electricity of Vietnam Group (EVN) has the sole power buyer for thermal power plants, hydro power plants ..., and the seller is only for consumers on the electricity market. Consumers only have a choice to buy electricity sold by EVN. In this article, the authors mention the problem in a competitive electricity market based on the experience Vietnam electricity market reform in the countries of the world.

References

. Bacon, RW & Besant-Jones J. 2001. Global Electric Power Reform, Privatization and Liberalization of the Electric Power Industry in Developing Countries. Annual Review of Energy and the Environment, 26, 331-359.

. M. Pollitt, “Liberalization and Regulation in Electricity Systems-How can We get the Balance Right?,†3rd Annual Regulation Seminar, SBGI University of Cambridge, pp.11-27, March 2007.

. Hattori T. & Tsutsui M. 2004. Economic impact of regulatory reforms in the electricity supply industry: a panel data analysis for OECD countries. Energy Policy, 32, 823-832.

. http://www.powerworld.com/products.asp

. Steiner F. 2001. Regulation, industry structure and performance in the electricity supply industry. OECD Economics Studies.

. Jamasb T. & Pollitt M. 2005. Electricity Market Reform in the European Union: Review of Progress toward Liberalization& Integration. Energy Journal,11-41.

. Jamasb T. & Pollitt M. 2007. Incentive regulation of electricity distribution networks: Lessons of experience from Britain. Energy Policy, 35, 6163-6187.

. Pollitt M 2004. Electricity reform in Chile: Lessons for developing countries. Journal of Network Industries, 5, 221-262.

. Pollitt M 2008a. Electricity reform in Argentina: Lessons for developing countries. Energy Economics, 30, 1536-1567.

. Ruffin, C. 2003. The Political Economy of Institutional Change in the Electricity Supply Industry: Shifting Currents, Edward Elgar, Cheltenham.

. Vu Kim Dung, Pham Van Minh, Microeconomics, Labour Social Pulishing House, 2012.

. Vu Ngoc Xuan, apply the elasticity to successful investment in Vietnam Stock Market, Development& Economics Journal, 2012

. Vu Ngoc Xuan el al, the competitive electricity market from theory to practice in Vietnam, 2013.

. Zhang Y., Parker, D. & Kirkpatrick C. 2005. Competition, regulation and privatisation of electricity generation in developing countries: does the sequencing of the reforms matter? The Quarterly Review of Economics and Finance, 45, 358-379.

Downloads

Published

2014-04-13

How to Cite

Xuan, V. N. (2014). Competitive Electricity Market - From Theory to Practical Application in Vietnam. Asian Journal of Business and Management, 2(2). Retrieved from https://www.ajouronline.com/index.php/AJBM/article/view/1098

Issue

Section

Articles