Vietnam has announced plans to introduce a new net-metering scheme for Rooftop PV System installations next week, according to state-run news outlet Baochinhphu.
The government said that excess PV electricity sold to the grid may not exceed 20% of the power generated by a Rooftop PV System installation – an increase from the previous threshold of 10%.
Under the new scheme, the net-metering tariff for surplus power will match the average electricity price from the previous year. The Ministry of Industry and Trade (MoIT) had initially proposed a tariff of VND 671 ($0.027)/kWh.
By the end of 2023, Vietnam installed more than 17 GW of PV capacity, mainly through an expired feed-in tariff scheme that supported small-scale and utility-scale installations. However, the government has not launched a new auction program since the previous one expired. Instead, it has initiated a scheme to facilitate bilateral power purchase agreements (PPAs) and to open up the electricity market.
