Page 13 - Annual Report 2023
P. 13
periodically by the regulator. This is notable that the mandatory regulations
prohibit capacity withholding. IREMA drives a single side auction, so the
purchase curve only shows the total demand per hour. IGMC is responsible to
find the cheapest least-cost 1
by
considering , Power Market Annual Report 1401 9
Figure 4: Spot Market Process
Security Constraint Unit Commitment (SCUC)
Maintenance Price Offer Energy Trades in Fuel Technical
Programs and for Energy PEX and Bi-lateral Forecast Specification
Limitations Generation Contracts on
Generators
Figure 5: SCUC inputs
Payments to Sellers
Capacity Payment
1
642,000 Rials/MWh and from 2022-09-15 to 2023-03-20 is
• To all the units ready to produce Energy m in fiscal year.
�
• Based on available capacity, not used capacity
• Motivational factor for being available during peak hours (Capacity Payment Factor (CPF))
7
In order to attract and retain adequate resources for the reliable operation of the energy market,
revenues from energy, ancillary services and capacity must be adequate to cover the overall cost
of power plants. The capacity payment plays vital role of assuring the revenue sufficiency of the
suppliers as well as reducing the magnitude of inappropriate price volatility.