Oman Power to start electricity spot market trial-run
MUSCAT, 14 hours, 8 minutes
ago
Oman Power and Water Procurement (OPWP), member of Nama Group, has announced that it received the approval of the Authority for Public Service Regulation (APSR) to start a trial-run of the Electricity Spot Market.
The market will enable the company to daily procure needed electricity through the quotations of electricity production companies, reported
Oman News Agency (ONA).
Those quotations will determine the price of procuring electricity every half an hour, all day-long, depending on the available electricity for trading. The Electricity Spot Market will also offer long-term contracts to procure electricity and water.