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Oman Power and Water Procurement (OPWP) has issued a request for proposals for consultancy services in order to develop spot trading rules for Oman’s electricity market. Oman will have the Middle East’s first electricity spot market when it opens to competition – scheduled for 2018.
OPWP says the consultant will draft detailed market rules to support spot market pricing, working from an existing design. OPWP’s John Mather, recently appointed as project manager for the spot market implementation, tells MEES that the electricity market design was done by London-based consultant NERA.
Mr Mather, who has operated in, designed and reviewed several energy markets, says the market design is “robust, practical and feasible. It will work.” He adds that after spot trading is introduced, OPWP will continue as Oman’s only legal supplier to electricity distributors. (CONTINUED - 359 WORDS)