Page 14 - Annual Report 2023

Power Market Annual Report 1401 15 10 Power Market Annual Report 1401

Spot Market Summary Statistics Energy Payment (Market Based)
Spot Market Summary Statistics
1. Generation • To those units accepted in the market
1. Generation
The total electricity generated was 348,328 GWh in the fiscal year which shows about 3.35% in- • Based on the produced energy
• Based on the hourly price (As offer price / Pay as bid)
The total electricity generated was 337,049 GWh in the fiscal year which shows
crease compared to the last year. Peak seasonal electricity generation occurs during the summer • Price Cap for offer price
about 3.6% increase compared to the last year. Peak seasonal electricity
time. In contrast, winter represents the lowest seasonal demand for electricity. This characteristic
generation occurs during the summer time. In contrast, winter represents the
shows the proportional relation between the seasonal generation and the temperature, which is
lowest seasonal demand for electricity. This characteristic shows the proportional
a frequently observed pattern in IREMA. Ancillary Services
relation between the seasonal generation and the temperature, which is a
frequently observed pattern in IREMA. • non-competitive environment and based on regulated tariffs
o Frequency Regulation Payment
110000 o Black start
100000
90000 o Reactive power
80000
70000
GWh 60000 Transmission Service
50000
40000 Regional Electricity Companies (REC) are the transmission owners and paid for the transmis-
30000
20000 sion services they provide.
10000
0 Payment for transmission services is based on capacity and energy flow. Transmission lines and
Spring Summer Fall Winter power transformers are subject to payment based on their available capacity and also the energy

Figure 6: Total Electricity Generation in 2021-2022 Fiscal Year passing through them. Total transmission costs are allocated to all buyers and sellers to remu-
nerate RECs.
The given pie-chart in figure 2 depicts and compares the contribution of six

different energy conversion technologies, namely combined-cycle, steam turbine,
The given pie-chart in figure 7 depicts and compares the contribution of six different energy Buyer’s Bill
gas turbine, hydroelectric, nuclear, and other power plants. According to this
1
conversion technologies, namely combined-cycle, steam turbine, gas turbine, hydroelectric, nu- In spot market, regional electricity companies (REC) and electricity distribution companies
chart, combined-cycle contributed the highest percentage of electricity generation
1
(49% of the total) and then steam and gas turbines possess the second rank and
clear, and other power plants. According to this chart, combined-cycle accounts for the highest (EDC) are the registered buyers in the spot market. The buyers that purchase energy from spot
contributed approximately 25% and 19% of the total generated electric
percentage of electricity generation (50% of the total) and then steam and gas turbines possess ity. market will pay hourly market average price. It is worth mentioning that beside their role in
Hydroelectric technology however has a small contribution (about 3.5%), which
the second . transmission services, RECs act as the suppliers for high voltage consumers.
has been reduced by almost half compared to the last year. The lowest
rank and contributed approximately 23% and 18% of the total generated electricity. Hydroelec-
contribution represents by are nuclear and other sources (approximately 3.5% in
tric technology however has a small contribution (about 4%), which has been reduced by almost
total).
half compared to the last year. Nuclear and other sources account for the rest (approximately 5% Currency
It should be noted that the private sector contributed up to 56.5% of the whole
of annual energy). It should be noted that the private sector contributed up to 57.6% of the whole The official currency of Iran is Rial and all the financial numbers here in this report are expressed
energy generation in the fiscal year.
energy generation in the fiscal year. in Rial. The Exchange rates of Rial to different currencies are reported by the central bank of the
1
Islamic republic of Iran .

1. Energy generated from “other” source is further classified into different subcategories such as biomass, wind, solar 1. www.cbi.ir
and geothermal.
1 Energy generated from “other” source is further classified into different subcategories such as
biomass, wind, solar and geothermal.

3