Page 17 - IGMC-2017

Electricity
Market
Deputy

Main Objectives and Future Steps in IEM

Electricity market is an evolving process. Power system requirements, preserving the

competitiveness of the electricity trades, and energy policies cause to have a long term scope in

the design of the market mechanisms. In IEM the main future steps are as follows:

• Inclusion of the real time market to the IEM

• Establishment of the Regional electricity market under the supervisory of (Economic

Cooperation Organization) ECO

• Opening of the ancillary services competitive market

Electricity MarketDepartment

Structure of IRAN Electricity Market (IEM)

Iran electMricaiitny tOrabdjeescatirveepse:rformed in three major environments; the day-ahead market, the

energy exchange, and bilateral contracts. Fig. 5 illustrates main building blocks of IEM.

Recent changes in the regional and global electricity industry (at that time)

Improving economic efficiency of power industry

Clarifying the financial transactions in each sector

Inciting the private sector to invest on capacity development

Establishing a competitive environment for electricity trading

Changing the electricity nature from a public service to a tradable commodity

Figure.5 Motivations of power system restructuring in Iran 15
Figure.5 Motivations of power system restructuring in Iran
IRAN GRID MANAGEMENT Co.
Future Steps in IEM

Electricity market is an evolving process. Power system requirements, preserving the
competitiveness of the electricity trades, and energy policies cause to have a long term scope in the