There are officially 2 forms of direct electricity trading

Decree No. 80/2024/ND-CP stipulates that direct electricity trading is the buying, selling and receiving of electricity carried out through two forms:

Direct electricity trading via private connection lines is the activity of signing a contract for electricity purchase and delivery via private connection lines between a renewable energy power generation unit and a large electricity user according to regulations.

Direct electricity trading via the national grid is the activity of buying and selling electricity through a term contract between a renewable energy power generation unit and a large electricity user (or an electricity retailer in an authorized cluster or zone model) and the electricity trading activity is carried out according to regulations. This form includes:

First, the renewable energy generator sells all the electricity produced into the spot electricity market of the competitive wholesale electricity market.

Second, large electricity customers or electricity retailers in the authorized cluster and zone models sign electricity purchase contracts with the Electricity Corporation (or authorized/decentralized units) to purchase all electricity to meet their needs.

Third, renewable energy generators and large electricity users or electricity retailers in regional and cluster models are authorized to buy and sell electricity through term contracts.

Regarding the form of direct electricity trading through separate connection lines, the Decree stipulates that renewable energy generators and large electricity users conduct direct electricity trading through separate connection lines according to the following principles:

- The electricity purchase and sale contract between the renewable energy generator and the large electricity customer in the case of direct electricity purchase and sale through a separate connection line agreed upon by the two parties in accordance with the provisions of Article 22 of the Electricity Law and relevant legal documents.

Including the following main contents: Contract subject; purpose of use; service standards and quality; rights and obligations of the parties; electricity price, payment method and term; conditions for contract termination; liability for breach of contract; contract term; responsibility for investment, construction, management and operation of the private connection line; other contents agreed upon by the two parties.

- The electricity selling price is agreed upon by the two parties, except for the case specified in Clause 4, Article 6 of this Decree.

Renewable energy generation units negotiate, agree and sign electricity purchase and sale contracts on capacity, output and price for surplus electricity output with Vietnam Electricity Group (or authorized unit) according to regulations.

In addition to the direct electricity trading activities via the private connection lines specified above, large electricity customers are allowed to trade electricity with the Electricity Corporation (or electricity retailers other than the Electricity Corporation) according to regulations.

Regarding the form of direct electricity trading through the national grid, the Decree also clearly stipulates the sale of electricity by renewable energy generators through the spot electricity market and the purchase and sale of electricity with the Electricity Corporation.

According to regulations, the spot electricity market price is the total electricity market price formed according to each trading cycle of the spot electricity market and is determined by the sum of the market electricity price and the market capacity price.

In which, market electricity price and market capacity price are determined according to the Regulations on operation of competitive wholesale electricity market issued by the Ministry of Industry and Trade.

Source: https://laodong.vn/kinh-doanh/chinh-thuc-co-2-hinh-thuc-mua-ban-dien-truc-tiep-1361269.ldo