The value of Iran’s electricity market transactions increased

According to Energy Press, from the Ministry of Energy, Seyed Majid Miri, Director General of the Office of Economy, Investment and Regulation of the Water and Electricity Market in connection with the criticisms raised in connection with the Iranian electricity market and the supply of 60% of electrical energy in the energy exchange, stated: Interactions Finance in any industry, especially in the electricity industry, is considered one of the most important pillars of development and can determine the future of the industry. Monopoly is harmful and the development of competition and a transparent platform with government regulation can provide the path for the development of the electricity industry.
The Director General of the Bureau of Economy, Investment and Regulation of the Water and Electricity Market said: Moving towards the development of transparent electricity transactions in the energy exchange has been the wish of the electricity industry activists for a long time, and this work has started since May this year and is being developed. While according to the 7th plan, in the final year of the plan, 60% of the country’s electricity should be sold through the energy exchange, today and at the moment, the notification of this clause has been implemented and more than 60% of the country’s electricity is sold in the energy exchange.
He pointed to the criticism raised by the spokesperson of the election headquarters, Mr. Bezikian, regarding the 35% reduction in cash injection to supply electricity after the elections, and said: Transparency is the pillar of the electricity market, and if we look at the information of the energy exchange, we will find out that the amount of electricity traded In July of this year, the electricity market has grown by 6.8% compared to the beginning of this market, and the liquidity provided by Tawanir for distribution companies has also experienced a growth of 16.1%. Not only has the liquidity not decreased, but with the order of the Minister of Energy, the liquidity injected into the market has increased by 40%.