On January 11, 2022, Mr. Nguyen Hung Quang, Managing Partner of NHQuang&Associates was invited to engage in the online policy dialogue on “Auction Mechanism for Sustainable Development of the Renewable Energy Market” held by independent think tank Vietnam Initiative for Energy Transition (VIETSE).
The dialogue was a hybrid event held via both video teleconference and physical meeting, attracting the participation of many speakers who are energy experts, economists, policy specialists, lawyers, representatives of ERAVCTED – Electricity Regulatory Authority of Viet Nam (Ministry of Industry and Trade), and renewable energy project investors. Via the dialogue, speakers introduced their research results with multi-dimensional analyses on technical, socio-economic, and legal aspects related to the auction mechanism of renewable energy in Viet Nam market.
From policy and legal research perspective, Mr. Nguyen Hung Quang delivered his comments on the applicable policy, legal framework and law enforcement practice in Viet Nam relating to the employment of auction mechanism for renewables. Mr. Quang thereby drew out shortcomings and recommendations with the aim of improving the law on bidding for renewable energy projects and electricity auctions. He also suggested Vietnamese Government deploy an appropriate roadmap to pave the way for bidding or auction mechanism application. In addition, relevant state agencies should support wind power investors whose projects have not yet been connected to the national grid to sell electricity.