TEHRAN, Iran, Oct. 21
Trend:
The CEO of Iran`s Tavanir Co. explained the details of electricity offering to subscribers over 5 MW via the stock exchange.
“According to the government decree, the electricity offering for high consumption subscribers via the stock exchange will balance the electricity prices,” the CEO of Tavanir Co. Mohammad Hassan Motavilizadeh said, Trend reports citing ILNA.
“As the majority of power plants and consumers are private sector, the goal is to be able to provide electricity with minimal government intervention,” he added.
Referring to the possibility of rising electricity prices in the stock exchange he says that the competition between power plants will definitely prevent the rise in prices.”
“Electricity prices in stock exchange are lower than government-approved tariffs.”
According to the decision of the Council of Ministers on October 7, industrial units and high consumption subscribers (over 5 megawatts of electricity) required to supply their needs via the stock exchange, ILNA reported.
