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ELECTRICITY INDUSTRY REPORT - 07/2022

SUMMARY

 

In Q2/2022, the total deposit volume of the whole system reached 70.38 billion kWh, an increase of 11.7% compared to the previous quarter and an increase of 1.91% compared to the previous year. However, this output level is lower than the plan at the beginning of the year (the plan in Q2 is 72.61 billion kWh). In particular, hydropower increased much stronger than planned and compared with previous forecasts thanks to unusual rainfall in May and June. Specifically, Q2 hydropower output reached 25.1 billion kWh (more than one and a half times higher than Q2/2021) and 46% higher than the plan at the beginning of the year.

 

Coal power output decreased by 25.7% year-on-year and 24.1% lower than the plan. Electricity and gas continue to face a disadvantage when they cannot mobilize their maximum capacity due to high electricity generation prices and is less competitive. Power output from renewable energy in Q2 was lower than the plan but still increased significantly compared to the same period last year.

 

TABLE OF CONTENTS

 

A. OVERVIEW OF ELECTRICITY SYSTEM 1H/2022

Structure of electricity mobilization by power source 1H/2022

  • Hydroelectric
  • Coal-fired power
  • Gas thermal power
  • Renewable energy electricity
  • Imports and other sources

 

Structure of electricity production by owner 1H/2022

  • PV Power
  • EVN
  • Genco3
  • Genco2
  • Genco1
  • Other

 

Details of installed capacity by 2030 by power source

Capacity by power source 2030 - 2045 according to the drafto PDP8

  • Hydroelectric
  • Coal-fired power
  • Gas thermal power
  • Renewable energy electricity
  • Imports and other sources

 

B. PROSPECT OF ELECTRICITY MOBILIZATION IN Q3/2022

Power mobilization volume by quarter Q1/2021 - Q4/2022

Power mobilization volume by month Jan 2021 - Dec 2022

Mobilized output of each power source by region

Structure of electricity mobilization according to each power source

  • Hydroelectric
  • Coal thermal power
  • Gas thermal power
  • Renewable energy electricity
  • Imports
  • Other sources

 

C. HYDROPOWER

Hydropower output by quarter & by month

Hydropower output of some hydropower plants 1H/2022

Hydropower mobilization plan 2H/2022

Plan to mobilize hydropower by region Q1-Q4/2022

Rainfall forecast for Jul -Dec 2022 compared to the average of many years

Forecasting ENSO phenomena Jul 2022 - Mar 2023

FMP evolution of GENCO3

Average electricity selling price of some hydropower plants 1H/2022

  • A Luoi (CHP)
  • SHP
  • Hua Na (PVPower)
  • Drakđrinh (PVPower)
  • Buon Kuop (Genco 3)

 

D. COAL-FIRED POWER

Coal-fired power output by quarter

Coal-fired power output monthly and plan 2H/2022

The average price of imported coal of Vietnam

Average selling price of some coal-fired power plants 6M/2022

 

E. GAS THERMAL POWER

Gas thermal power output by quarter

Gas thermal power output by month and plan 2H/2022

Mobilization plan at several gas-fired power plants

Natural gas price movements world and gas prices of some large power plants

Average selling price of electricity of some thermal power plants gas 1H/2022

 

F. RENEWAL ENERGY

Renewable energy electricity output by quarter

Renewable energy electricity output monthly and 2H/2022 plan

Plan to mobilize renewable energy electricity by region Q1-Q4/2022

 

G. BUSINESS RESULTS OF POWER GENERATION UNITS

PV POWER

GENCO 3

ELECTRICITY INDUSTRY REPORT - 07/2022

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  • Number of pages:           25 pages

    Format:                             PDF

    Data series:                       Last 13 months

    Release date:                    July 20, 2022 

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