Page 18 - IGMC-2017
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The Day-Ahead Market
The Day-Ahead MarketIn the day ahead market an auction is established for the generation companies (
with pay as bid mechanism. GENCOs submit their bids the day before delivery of power. Th
Ibnidthsecdoanysaishteaodfmtharekeptraicneasuactniodntihseesqtaubalinshteitdiefso.r Tthheegceunesrtaotimonecrosmopnalnyiessu(bGmENitCtOhes)ir quantity of dem
waitmh apatytears obifdfmacetc,hatnhiissmm. GeEcNhCanOissmsubims iat thseinirgbleidssitdheeddayaubceftoiorendfeolivretrhyeofspeollweerrs..TMhearket operator c
smellaerrks’ebtidbsacsoendsisot noftthhee psruicbems ainttdetdhebqiudasntoitfieGs.ETNheCOcusstaomndersthoenlybusuybemrist'tdheeirmqaunandti.tyFor inciting the p
odfedveemlaonpd.tAhseagmeantteerraotfifoanct,styhisstemmechcaanpisamciistya,stinhgelecsaidpeadcaiutcytiopnayfomr tehne tsemlleersc.hMaanriksemt is included to
ooFmssTpfoeeheerbllcerllehaieisninatnreoncgsgrii'tspictamnmlhaegwyeiaasirmtnxshiennieetmnechnrlepeuutilrdmnasmgeyaydteahrrbtkresooeeiadrtttuhomdbnceaitdonaIisoeEetdgvnd.MeepfAol.oonrtTrpiopchtshreetetheisl.chleeiseFenupggibagcegymtn.aehm7eipentretageneeitdinstirvsoeabenaartigrsldieyssosyotmnoshotrafedeudnmGeenomtEttie.cotNaaAsrtiCpmhnarpOeecirsngsiigtcpeyeaaene,ndreccdtdrahiablfptetehiiycoeiscsansatbtahpuuiloaonesycfoienitrrtsbsdysere’eegotpdigeunfaeraymmlgrdadmiaatlnaneeoyesndrd-wst.yahinceonamedrmeinlietttcehtereiclaiimtuy
bTyhtehecroesgtuloatfosryysctoemmmiltotesesleims iitsinaglltohecasetleledrst’omtahxiemcuumsbtoidmdiengrspraicned. Ftihge.7sgeivlleesrtshebmasaeind on their contri
stpheecifpicoawtioenrs soyfsdtaeym-ahteoatdael lleocstrsic. iItny mfaacrtk,eta. Tflhoewcobsat soef dsylsotesms alonsdsestriasnasllmociastseidontoctohest allocation is pe
cinusItoEmMe.rs and the sellers based on their contribution to the power system total loss. In fact, a
flow based loss and transmission cost allocation is performed in IEM.
Wholesale Electricity Market
Distribution
Companies
Demand Bidding Data Power Plants
(price & quantity)
schedule
ISO: IGMC Request for Approval
Power exchange long Approve/Reject Bilateral Contract
term contracts Notification
Power Plants
Energy Exchange Power Plants Distribution
Companies
Bidding Distribution
(price & quantity) Companies
Matching Notification
Offers (price&quantity)
Matching Notification
Figure.6 MaiFnibguuilrdein.g6bMlocakisnobf IuEiMlding blocks of IEM
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IRAN GRID MANAGEMENT Co.
