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6 Electricity Market Annual Report 2020-2021

Executive Summary

This report presents a brief introductory and key facts of Iran Electricity Market per-
formance. Two main modifications have occurred since last year in IREMA. First, the
intraday trade has been commenced in the competitive intraday electricity market envi-
ronment which facilities managing and improving the mismatches and conditions\events
happening after day-ahead market gate closure. The latter was the decision of the Ministry
of Energy to support the out of market electricity trades through the bilateral contracts
and the energy exchange.
The following points draw an overview on the Iran Electricity Market statistics:
• The total wholesale cost of load serving during the fiscal year was about 326,494 billion
Rials that manifests 41.41 percent of growth with respect to the previous year.
• The total traded energy volume in the spot market was 318,173 GWh.
• The total traded energy volume in the intraday market was 2,359 GWh.
• Out of market trades was 27,481 GWh that represent 55.65 percent of growth in com-
paring to the previous fiscal year.
• The total energy produced by the hydro-power plants was decreased by 30.23 percent
with respect to the last fiscal year.
• The gas fuel had the greatest contribution in the fuel portfolio of the thermal power
plants.
• Frequency control forms the main remuneration stream among the ancillary services.
The total revenue of the power plants from providing the frequency control services was
6,053 billion Rials during the fiscal year that represents 11.19 percent of increase with re-
spect to the last fiscal year.