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Electricity Market Annual Report 2020-2021 11

                                         120,000

                                         100,000

Bilion Rials Bilion Rials                  80,000

                                         12600,0,00000

                                         10400,0,00000

                                           8200,0,00000

                                           60,0000

                                              -4200,0,00000  Spring          Summer             Fall                                                  Winter
                           Transmission Us2a0g,e00C0ost       -72              -125             -60                                                     -43

                           Ancillary Services 0              2084            2004               2068                                                  1611

                           Energy Paymen-t20,000              32860          62916               33392                                                   27427
                           Capacity Payment                  Sp1r0i7n7g2  Sum34m2e8r8           F1a0ll565                                             Win7te0r11
                           Transmission Usage Cost           -72             -125               -60
                           Ancillary Services FiFguigruer5e:5T:2oT0t8oa4tlaPl Payamymeennttttoo2SS0ee0ll4lleerrss iinntthheeSSppoot2t0M6M8arakrektet    -43
                           Energy Payment                    32860           62916              33392
                                                                                                                                                       1611

                                                                                                                                                      27427

                           Capacity Payment                  10772           34288              10565                                                 7011
4. Ancillary Services
4. Ancillary ServicesThe ancillary servFiicguerse 5p: Taoytmal ePanytmecnat tteogSeollreirzseindthebSypotthMearkseetrvice type (namely:
rT4Trifehserah.eevceeqtaeviunvniaeecduAnineepllccnoaniayrtwlmlyccatehsiroroelyannalrtnatvgrtdsirohcetebhlyer,slvearfpiScercoakeaeeytqchssmrtuteaiveervprnniteas)tccyecpiyemrsaovsticewelilcognueeontsrsrttri,raczaonwaetledtdhedpbgibaicyonlyhartmtihchzikeseeesndsdfeitturgavebuerintyrc)iecenio6ttshy.mnpiIeoltpeliuass(sssmneestarvreavmaislditleceetlepndhyat:eirfttntyrhleapattqrhotegueteehth(nfsenitecgfayrsupmehcrqooaeeulnrlie6yectnr:.iooecIlysft,
cfaornnedtqruoinel nsptcaryumccteoinontntresonrlc,eorgmeuaplcaattsiisvneegs tpthhoeewlarerergvaeesnntdushbeaslraeicnkofIsRrteaEvreMtn) uiAse.ialmluosntrgattehde ointhtehresefrigviucrees,6w. hItich
isisdeuveiidnennot tshmaatllthpearftrteoqtuheenpcoyliccoienstaronldpinasytmruecntitonens creogmuplaatisnsgesthteherelvaerngueesstisnhIaRrEeMofA.
reven7u,0e00a,0m00ong the other services, which is due in no small part to the policies

and in6,s0t0r0u,0c00tions regulating the revenues in IREMA.

                           7,000,000
                           5,000,000

Milion RilasMilion Rilas   6,000,000
                           4,000,000

                           5,000,000
                           3,000,000

                           4,000,000         Reactive Power                  Frequency Control                                                        Black Start
                           2,000,000

                           3,000,000
                           1,000,000

                           2,000,000
                                      0

                           1,000,000

                           0 Figure 6: Ancillary Services Payment in the Intended Fiscal Year

                                             Reactive Power               Frequency Control                                                           Black Start

5. AveraFigFgiuegruerPe66:r:AiAncnceciillllaoarryfy SSEeerrvlvieiccecesstPPraayiymcmeinettnyitnintPhetuhIenrtIecnnthdeendadFseidescFailsYcaealrYear

Average electricity purchase price in the spot market has the following trend. In

5sp.ringAtivmeer, aitgreecPorrdiecdeaolfevEelleacrotrunicdit6y00PRuiralcshpaesrekwh and then peaked in

Average electricity purchase price in the spot market has the following trend. In

spring time, it recorded a level around 600 Rials per kwh and then peaked in

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