Page 4 - Annual Report 2023

4 Power Market Annual Report 1400

The Message of CEO

We in IGMC believe that the trans-

parency of the competition environ-
ment is an essential element toward

the market efficiency and we intend
to improve the market transparency

by means of annual and quarterly
reports on the overall transactions within IREMA and

key indices regarding market performance during the
last three years. We are committed to maintain a neutral

position in performing the relevant analysis and reflect- Contents
ing the results within these periodic reports. The annual

reports address, inter alia, macro data associated with the The Message of CEO 1
different trade mechanisms (the spot market, bilateral Preface 3

contracts and IRENEX ), market competitiveness, players’ Executive Summary 4
1

Introduction
performance, challenges, and future steps. In order to Spot Market Summary Statistics 5
achieve our goals, we, as a part of IREMA , are open to Generation 11
2

12
all constructive opinions and suggestions to improve the Total Energy Traded in Spot Market 14
annual reports. Total Payment to Sellers 14
Ancillary Services
Ancillary Services
15
Average Price of Electricity Purchase 15
Average Price of Electricity Purchase
Fuel Consumption
Fuel Consumption 16

Transmission Cost 17
Load Duration Curve 17
Percentage of Energy Supply by Trade Mechanisms 18
Demand and Total Cost 18
Total Cost of Load Serving in Details 19
Average Electricity Sale Price 20
Transmission Service 20
1- Iran Energy Exchange
2- Iran Electricity Market