Energy exchange
Iran is one of the largest oil and gas producer country, and is well known as one of the biggest holder of hydrocarbon reserves and resources.
On the other hand, according to the proposed approach in 1404 visions on the promotion of Islamic republic of iran to the region in terms of political, economy, scientific and…the necessity of establishing the market for discovering price and trade of oil as a strategic commodity in region is feeled more than before and that was a precursor to oil pricing plan inside the country.
Since that one of the best and brightest mechanism of pricing goods is releasing them in stock exchange, in early 80s the idea of establishment of a market for oil deals during the collaborative process between the ministries of oil and the economy has shaped.
In the first phase for achieving this idea in the end of bahman 1386, petroleum and petrochemical products began trading on the capital market.
On the one hand, despite the existing infrastructure in the electricity industry that distinguishes it from other countries of the regions along with the activities in line with the formation of oil commodity, the need to set up a power exchange in the continued development of the electricity market was felt.
In khordad 87, the council agreed with the establishment of power exchange.
Forming a coherent market encompassing all energy commodities and the exchange of comprehensive and single types of energy was proposed.
The supreme council of the securities and exchange at meeting 30/03/1390 with integration of seperate requests to launch oil and electric energy exchange voted.
According to this, energy exchange as the country` forth largest stock exchange for supply oil products and oil derivatives, electricity, natural gas, coal……. And was formed.
Following the issuance of permits for energy exchange and for determining shareholders, SEO has issued a call in 05/04/1390 for the participation of financial institutions and Oil and gas electricity industry workers By indicating the combined 60% financial institutions, and 20% of electricity and oil industry workers, 20% of the public and Ceiling of 2.5 percent for each applicant.
Energy exchange has started its activity after being in company and non-non commercial organization registration office in 17/04/1391.
First transactions of this stock exchange was on Electrical goods and tar and coal in 19/12/1391.
Energy exchange has 3 markets: physical market, derivative market and secondary market.
Physical market includes 3 tables of electricity, oil and gas and other energy derviatives.
derivative market includes forward contracts and options