Page 8 - Annual Report 2023

4 Power Market Annual Report 1401

Executive Summary

This report presents a brief introductory and
key facts of IREMA performance.
The following points draw an overview on the

IREMA statistics:
• The total wholesale cost of load serving during
the fiscal year was about 431,939 Billion Rials that

manifests 25.46 percent of growth with respect to
the previous year.

• The total electricity generated was 348,328 GWh
which shows about 3.35% increase compared to
the last year.

• Annual purchased energy through the spot
market, was 307,295 GWh, which increased 3.8%

GWh compared to the previous year.
• Out of market trades was 42,154 GWh that rep
resent 4.5 percent of growth in comparison with

previous fiscal year.
• The gas fuel had the greatest contribution in the

fuel portfolio of the thermal power plants.
• Frequency control forms the main remunera
tion stream among the ancillary services. The to

tal revenue of the power plants from providing
the frequency control services was 5,865 Billion

Rials during the fiscal year that represents 17.98
percent of decrease with respect to the last year.