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     Power Market
         20   Annual Report
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                4. Ancillary Services
                The ancillary services payment categorized by the service type (namely:
                frequency control, reactive power, and black start) is  illustrated in Figure
                11. It is evident that the frequency control payment encompasses the
                largest share of revenue among the services, which is due, in no small
                part to the policies and instructions issued by the regulatory board of
                IREMA.
                5. Average Price of Electricity Purchase
                Average electricity purchase price in the spot market has the following
                seasonal trend illustrated in figure 12. In the spring, it recorded a level
                around 1,438 Rials per kWh which was the lowest and then it peaked in
                summer to approximately 1,628 Rials per kWh.
     	
