The core scope of the Spot Market Department is to develop the arrangements to implement a daily spot market for electricity in the Main Interconnected System (MIS). The development is expected to take several years and consists of (a) drafting the market rules and associated regulatory documents, (b) developing Information, Communication and Technology (ICT) systems to operate and settle the market, (c) ensuring the development of OPWP’s staff capability to operate the market, and (d) coordinating with other stakeholders in their preparations for the spot market. The objective is to pilot the Spot Market in early 2020 before it can go live at the end of 2020.Download Spot Market Summary

In order to support the establishment of the Oman Electricity Spot Market, Market Rules are being developed by OPWP under the supervision of the Authority for Electricity Regulation (AER) and in consultation with Oman Electricity Transmission Company (OETC) and other stakeholders. The Market Rules Document, Market Rules Procedures and Approved Methodologies will be published once finalized.

The Market Guide is intended to provide an overview of the Oman Electricity Market, including the proposed Market Rules, but does not form part of the Market Rules, nor does it create any rights or obligations that relate to the Market Rules. This Market Guide shall not substitute for the detailed provisions of the Market Rules.

Disclaimer: The Market Guide is being released for information purpose only, and is still subject to further changes.