DPPA Mechanism: A Turning Point for Vietnam’s Power Market
Direct Power Purchase Agreement (DPPA): A Turning Point for the Competitive Power Market The DPPA mechanism under Resolution 253/2025/QH15 expands the subjects and the right to self-negotiate prices, meeting the demand for green energy and enhancing transparency in the electricity market. Abolishing Monopoly, Promoting Competitive Retail Electricity Market In the context of rapidly increasing electricity demand of the economy alongside the goal of transitioning to a green and sustainable growth model, the Direct Power Purchase…