Page 5 - Annual Report 2022

Power Market Annual Report 1400 5

The Message of CEO

We in IGMC believe that the transparency of the competition environment is an essential
element toward the market efficiency and we intend to improve the market transparency
by means of annual and quarterly reports on the overall transactions within IREMA and
key indices regarding market performance during the last three years. We are committed
to maintain a neutral position in performing the relevant analysis and reflecting the results
within these periodic reports. The annual reports address, inter alia, macro data associated
with the different trade mechanisms (the spot market, bilateral contracts and IRENEX1),
market competitiveness, players’ performance, challenges, and future steps. In order to
achieve our goals, we, as a part of IREMA2, are open to all constructive opinions and sug-
gestions to improve the annual reports.

Preface

Electricity Market Monitoring Department shall analysis and prepare annual and quarterly
power market reports to be used by relevant companies, parties, and potential investors.
These periodic reports evaluate market performance, network conditions, primary energy
resources availability, and try to focus on certain topics of particular importance to IRE-
MA.
Since Iran’s official calendar is Solar Hijri based, for the sake of clarity, table I contains the
corresponding Gregorian calendar dates to the intended fiscal year.

Table 1: Calendar Conversion Guide

Fiscal Year

Item Solar Hijri Gregorian

From Date 1400-01-01 2021-03-20

To Date 1400-12-29 2022-03-20

1. Iran Energy Exchange
2. Iran Electricity Market