Page 18 - Electricity Market Annual Report 2019-2020
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Electricity Market Annual Report 2019-2020 17
Accepted Bids in Spot Market
The accepted bids1 in the spot market are illustrated using the winner’s price duration
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0.990 and 0.493 with respect to the price cap. The price cap in spot market is
416,000 Rials/MWh that is determined annually by the ministry of energy.
1
0.95
0.9
0.85
0.8
0.75
0.7
0.65
0.6
0.55
0.5
0.45
Figure 11: Duration Curve of the Accepted Bids in the Spot Market
Annual Transaction Volume in Spot Market
Annual Transaction Volume in Spot MarketTpTolotaatcalelpaipnyamyseumnmet nmtotettrho,ewtshpheoetrsmepaoastrktmheteasrelkollewetresssiestllaiensrfstohlilesowwassi.nTftohelrelohawnigdsh.etshTtehveahliuhgeihgteohsoetksttrpavlanacslemuienistssouioomnk-
musear,gwehceoresatstthhaetlwowaesstpianidthbeywisnetlelrerasn,dtothoekhpiglhaceset itnranthsme sispsrioinngu,swagheecroesatsththatewlaoswpeasidt
biynstehlelerws,intotoekr.place in the spring, whereas the lowest in the winter.
Normalized to the Price Cap
1
238
475
712
949
1,186
1,423
1,660
1,897
2,134
2,371
2,608
2,845
3,082
3,319
3,556
3,793
4,030
4,267
4,504
4,741
4,978
5,215
5,452
5,689
5,926
6,163
6,400
6,637
6,874
7,111
7,348
7,585
7,822
8,059
8,296
8,533
13
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