Page 20 - IGMC-2017

Figure.9 Main Specifications of Energy Exchange

Figure.9 Main Specifications of Energy Exchange

Energy exchange:

Energy ExchangeIn the energy exchange, the trades are categorized as the future contracts leading to power

delivery. The buyer and sellers match their bids and offers for a certain quantity of power and the
delivery of power will be in the time to come. They are free to make decisions about the prices and
there will not be an intervention on their decisions. It should be noted that only the private GENCOs

hIanvetthhee aeuntehorgriyty teoxpcahratincigpaet,etihnethetreandeersgyaerxechcaangtegaonrdizseeldl thaesir tphoewefru. tTuhreerecisoanlstoraacltismilteoanding to power

thdeelmivaexirmyu. mThauethbouryizeedr paonwdesrethllaetrcsoumldabtcehsotlhdeinirthbeidesnearngydeoxcfhfeanrsgefoforr aeaccehrgteanineraqtuioannutnitiyt. of power and
Tctuhhreveeqsduaeinnltitivthyeerodyfapyoo-fwahpeeroawwdhmeicrahrwkiseistlolcldlbeeainriitnnhgetpehrnoeecretgismys.eeTxhctheoabncugoyemewrseil.lablTseohowemyililttanerodetfbrforemeiemthptoeossmeedllaetkrose'pbdaidyedcaininsgyions about the

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sell their

power. There is also a limit on the maximum authorized power that could be sold in the energy
exchaAnEngnceeilrflgaoyrryeexsacechrvhaincggeeesn: eration unit. The quantity of power which is sold in the energy exchange
wdeillivlebryRe.IenTaohtchemteivbieeutntypeeeordrgwayefnerrdx,ocsfmhreeallqnetugrhseee,nmtchasyeteccltholreantdrhtrseeo’sirl ababrniiedddscdabaitnlneadggcokorfciszfteueardrrsvtafeoscasrtphaiaencbfeiulritttthuiaereines caqdoruaenaytnrr-teaaicqthytuseiorlafeedadpdotimwnogeaertrnoaksnpuedortewthcetelhreearing process.
reTdleihaliebvleebryuaonyfdeprcosownaetrlinswuoiolluwbseiolilpnentrhoaettitoibmneeoftiomthcpoeompseoe.wdTehrteoysyapsrteaeyfmre.aeAntsyo imsaaddkedepiditcietocenidsiaoilnnscFaoigbs.o1tu0at, ftththeerspertihcteeyspeadnsadyof ahead market
acsothnhenacetivtltrrlealeaertcwhymteiblsleaeennutrowvtthti,ceobfeeroesnitrayatnhtrtheeoineIpstGoeapMlrrdovtiCewcininaptesaitortIhneSteOhionaInaEttnMhthtdeh.eteieThrnyhedeeerspgcumuyipsrieepocnxlnihcetshiaro.assIn.nteeTgsddheheoaisunenmlrddtvahsirbcekeeeellsnettohnpateroeeeilrrdicgppiteyorhoswaectiemuxorr.cpneThlldyyhaeatunhrsfeegiunietpsgurairitvtelhssaoeietnelalfwGol.inhEmFgNiciitChgtoOe.trn9hsmegives the main
astnhpceiellmcariayfxiscimearutvimiocenasuaothrfeorpeizrnoeedcurpgroeywd eienrxatchchaotamcnopgueeltdi.tbiveesfoolrdmin. the energy exchange for each generation unit.

The quantity of power which is sold in the energy exchange will be omitted from the sellers' bidding
curves in the day-ahead market clearing process. The buyers also will not be imposed to pay any
additional cost after the day ahead market settlement, for the power that they purchased in the

Ancillary servicesenergy exchange itself. Fig.9 gives the main specification of energy exchange.
ReactivAencpilolawryesr,erfvriecqeus ency control and black start capabilities are required to ensure the reliable
arenlidabcleoRnaentiadnctucivooenutpisnouowopeuers,rofarpteieqoruanetinoocnfy tochofentthpreoolpwaonewdrerbslysayscsktteesmmta..rtAAcssapisiasbddielipetiipectsiecadtreeidnreiFnqigu.F1ir0ieg,d.t1htoe0s,eenthstyueprseeesthtoyefpes of ancillary
saenrcvilliacryessearrveicessoaldreinsoltdheinItEhMe I.EMT.hTehme menetnitoionneed seerrvviciecseasrearperopcruorecduruesdingusthineglotnhgetelormng term contract
bcaonenctiwtlrlaaercyet nsbeerttvhwiceeeesInGatrheMepICrGoMcauCsreaIdsSiInOSOa acaonnmddpthtehetietFsiiuvgspueurpfepol.i1erp0mrlsAi..neTcrihlslea.rymTSaehrrkveiecetmspaolrikcieest ipmopllyicaiefustuirme pinlywhaichfuthtuere in which the
ancillary services are procured in a competitive form.

18 FiguFrieg.1u0reA.n1c0illAarny cSeilrlvaircyesServices

IRAN GRID MANAGEMENT Co.