Iran Launches System for Specialized Electricity Purchase, Sale
Iran's electricity allocation system was created with the aim of creating an efficient platform to facilitate the process of electricity purchase and sale negotiations, and provides the possibility of energy exchange between suppliers and buyers.
This system, which can be accessed at https://setba.ir, has made it possible for power plants and other electricity suppliers on the one hand, and electricity retailers on the other hand, to receive a license for electricity retail sales from the Energy Ministry. Far from the process of long negotiations, they can trade the electricity they want at a more favorable price than they expected.
The main difference of this market is holding a one-way auction for the second price; this means that in the section of electricity sellers, the lowest price will be the winner of this auction while the transaction amount will be the price registered by the previous person.
In 2022, Iranian energy ministry announced plans to add 7,000 MW to the country’s electricity generation capacity in the next two years.
“Based on forecasts and the (planned) execution of expansion projects, more than 7,000 megawatts of electricity will be added to the country’s generation capacity,” former Energy Minister Ali Akbar Mehrabian said at the time.
Meantime, Iranian Deputy Energy Minister for Electricity Affairs Homayoun Ha’eri indicated that the planned capacity expansion for the next Persian calendar year is estimated to be 7.787 GW.
He added that Iran will build 3.026 GW of new thermal power plant capacity in the year to March 2024, adding that another 2.245 GW of capacity will be created in the existing power plants through boosting production processes or repairs.
Ha’eri said that the generation capacity at power plants run by industries will expand by 1.487 GW in the next calendar year, adding that renewables will account for 0.85 GW of new capacity while another 0.188 GW will come from small generators.
Iran enjoys over 87 GW of power generation capacity although actual production is estimated to be lower at about 68 GW.
Iranian officials predict electricity usage will exceed 70 GW in peak hours next summer.
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