Page 11 - Annual Report 2023

Power Market Annual Report 1401 7

Bilateral
Contract

Bilateral
Contract
Power
Exchange

Power Spot Market

Spot Market

Figure 1: Methods of Electricity Trading in IREMA

Figure 1: Methods of Electricity Trading in IREMA
Spot Market
Spot market is operated by the deputy of electricity market of the Iran Grid

Spot market is operated by the deputy of electricity market of the Iran Grid Management Com-
Management Company (IGMC) that is a non- for- profit state-owned
Spot Market
pany (IGMC) that is a non for profit state-owned organization and operates a competitive whole-
organization and operates a competitive wholesale electricity market in order to
Spot market is operated by the deputy of electricity market of the Iran Grid
provide 7/24 efficient and fast assistance service. Iran power system encompasses
sale electricity market in order to provide 7/24 efficient and fast assistance service. Iran power
Management Company (IGMC) that is a non- for- profit state-owned
86,787 MW installed generating capacity and 55,943 km transmission grid until
system encompasses 86,787 MW installed generating capacity and 55,943 km transmission grid
organization and operates a competitive wholesale electricity market in order to
the fiscal year. 225 market players including market buyers, sellers and
provide 7/24 efficient and fast assistance service. Iran power system encompasses
until the fiscal year. 225 market players including market buyers, sellers and transmission com-
transmission companies are already registered in the spot market. 16 regional
86,787 MW installed generating capacity and 55,943 km transmission grid until
panies are already registered in the spot market. 16 regional electricity companies are the trans-
electricity companies are the transmission owners in Iran.
the fiscal year. 225 market players including market buyers, sellers and
mission owners in Iran.
transmission companies are already registered in the spot market. 16 regional
Hydroelectric,
13,029
electricity companies are the tr
Hydroelectric,
13,029 Combine Cycle,
32,935
Steam, 15,829
Combine Cycle,
32,935
Nuclear, 1,020 Steam, 15,829
Thermal,
21,386
Other, 2,588
Nuclear, 1,020 Gas Turbine,

21,386
Other, 2,588
Figure 2: Installed Capacity by Energy Source in MW

Figure 2: Installed Capacity in MW
5

5