Baringa’s wholesale electricity market reports are used by investors, lenders and project developers to guide their investments, helping them to deploy capital effectively and to manage risk.

The Vietnam Reference Case Report covers our half-yearly updated projections for wholesale power prices, and capture prices for solar and wind generation up to 2050. The report covers the fundamentals relating to the market structure, the evolution of the Vietnam Competitive Generation Market (VCGM) and the Vietnam Wholesale Electricity Market (VWEM) developments, as well as various regulatory policies and rules.

The analysis in the report is based off a model of the Vietnam power, using gen-set level representations and hourly demand profiles. The model takes into consideration fuel mix targets in the various versions of the PDP 8, the robust growth of solar capacity based off FiT and post-FiT economics, hydro dispatch and constraints, further proliferation of solar and wind capacities, as well as potential LNG build-out assumptions. These assumptions are benchmarked against technological cost assumptions for analysis capacity entry in the forecast horizon.

The various market developments are translated into a fundamentals-based model, using industry-standard PLEXOS software to arrive at a robust analysis of the value of power in the Vietnamese power system.

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Using our market reports and deep market knowledge as a basis to provide market leading commercial advice on the economic performance of new projects and companies in the power sector.

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