Yazdan Rezaei, the Secretary of the Electricity Market Regulatory Board, stated: “The new members of the Electricity Market Regulatory Board of Iran have been appointed by the Minister of Energy, and the key responsibilities of the board have been outlined in the official decree.”
Yazdan Rezaei, explained: “The members of the Electricity Market Regulatory Board, serving as the governing body overseeing the electricity market, are appointed every two years by the Minister of Energy. Their primary role is to regulate relationships and resolve issues among sellers, buyers, the market operator, the control center, and other participants by approving market regulations and ensuring fairness and equity. Additionally, the board provides a transparent and efficient mechanism to address feedback, suggestions, disputes, and concerns raised by market stakeholders.”
The latest appointments to the board were made on October 20, 2024, with the members’ responsibilities explicitly communicated in the decree issued by the Minister of Energy.
Rezaei added: “A critical directive from the Minister to the board in light of current electricity imbalances was to establish regulations that ensure continuity of electricity production, improve management efficiency, and expand the capacity of existing power plants. This includes making electricity purchase rates more attractive and optimizing incentives for new investments, enabling investors to forecast their revenue streams and regulatory conditions with confidence throughout the operational lifespan of power plants.”
He further noted: “In line with these directives, and given the absence of an announced energy price cap for the electricity market in the current Persian year, the board convened its first urgent meeting with full member attendance to address this issue. After in-depth discussions, the board resolved to establish a dedicated working group, chaired by Dr. Heydari, a board member and leading expert in the electricity market. This group was tasked with collecting detailed feedback from all market stakeholders, including private and public producers, consumers, and market specialists.”
Rezaei highlighted: “The working group, alongside the board’s secretariat, conducted approximately 150 hours of expert analysis within a constrained timeframe. Their findings were presented at an extraordinary board meeting, where the proposed market price cap was reviewed. Following extensive deliberations, the board unanimously approved the proposed cap, designed to compensate for revenue losses incurred since the start of the year.”

The proposal was promptly prepared by the board’s secretariat in collaboration with its members, the Deputy for Planning and Economic Affairs, and the Deputy for Electricity and Energy at the Ministry of Energy. It was finalized for submission to the Minister of Energy, with all necessary administrative procedures completed.

He emphasized that the Electricity Market Regulation Board is expected, during this term, to take decisive steps toward resolving imbalances in the electricity sector. This will be achieved through fostering collaboration among electricity market stakeholders and ensuring the sustainability of all members of the electricity supply chain, ultimately serving the noble people of the Islamic Republic of Iran.