Illustrative image (Source: VNA)

Hanoi (VNA) – The Ministry of Industry and Trade has decided to resume the operation of the competitive electricity generation market (CGM) on November 1 after a one-month suspension.

The move was made after the ministry carefully considered the operation of the electricity system in October and the plans to run the electricity system and the CGM in November.

The CGM was launched in July 2012 to diversify power sources, reduce the country’s dependence on hydropower plants and make the power market more competitive.

However, from October 1, the operation of the market was suspended temporarily in order to maximise the consumption of gas-based power production.

According to the ministry, the country produced and imported a total of 17.038 billion kWh of electricity in October, up 7.77 percent year-on-year. The electricity output met people’s power demand for production and daily activities in the month.-VNA