TEHRAN, Iran, Sept. 28
Trend:
Iran Electricity Network Management Company asked local electricity distribution companies to purchase electricity via the local Energy Exchange (IRENEX), Trend reports citing IRNA.
Iranian electricity distribution companies are obliged to purchase electricity at Iran's Energy Exchange (IRENEX), which is trying to get back on its feet, following a 5-year hiatus, backed with support from the Ministry of Energy and Tavanir (Iran's Power Generation, Distribution, and Transmission Company).
Established in 2012, IRENEX is a commodity exchange trading physical energy carriers (including oil, gas, electricity, etc.) and commodity-based securities in its physical, derivatives and subsidiary markets.