Competitive Electricity Market - From Theory to Practical Application in Vietnam
Keywords:â€” 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).
AbstractVietnam 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.
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