Page 12 - Electricity Market Annual Report 2018-2019
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Power Market Annual Report 2018- 2019 11
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priondtuhcetinoenxbtydathye.iGr eonffeerraeldlyp,rtihceessaenllderosnartehepaoitdhefrorhtahnedirtehneebrugyyeprsroadreuccthioarngebdy bthyetihre
enoefrfgeyreadveprraigceespraincedaotnetahceh ohtohuerr. hand the buyers are charged by the energy average
price at each hour.
Figure 4: Spot Market Process
Security Constraint Unit Commitment (SCUC)
Maintenance Price Offer Energy Trades in Fuel Technical
Programs and for Energy PEX and Bi-lateral Forecast Specification
Generation
Limitations Contracts on
Generators
Figure 5: SCUC Process
Settlement
All trades are settled according to a monthly settlement schedule. For the purpose
of financial settlement.
1 The price cap is determined annually by the minister of energy. It is notable that fuel tariff for electricity
generation is highly subsidized. The price of fuel for power plants is 607 Rials/m� in fiscal year.
6 
