Page 10 - annual report 1402

Power Market
10 Annual Report
1402

Introduction

IREMA, which stands for Iran Electricity Market, is a community of all
stakeholders, participants, future players, companies, organizations,

supervising entities, state/private owned holdings, that are/will be taking
a role in electricity market functions. Participants can trade electricity
through the spot market, energy exchange and bilateral contracts. In
the light of this introduction, IREMA is a general term, covering all
activities related to the power system restructuring and electricity market.
IGMC, which stands for Iran Grid Management Company, takes the role

of the independent market/system operator in IREMA. IGMC, inter alia,
executes the Day-ahead and Intraday wholesale electricity auctions
(namely referred to as the spot market in this report), and performs the
market operation (Billing and Scheduling). Although IGMC is not in charge
of Energy Exchange and Bilateral Contracts, it is responsible to properly