The organization structure of regulatory board is as follows:
An important part of the regulatory organization is the regulatory board secretariat which is the executive part of regulatory board and responsible for:
- Investigating and providing the required reports about the questions advanced in the regulatory board meetings and also about the referred cases to them.
- Cultivate the relationships among market participants and research institutes
- Conducting researches about the electricity market propounded issues
- Investigating the internal and external factors affecting the electricity market
- Establishing the electricity market monitoring system
- Suggesting the required regulations and instructions to IREB
- Defining the electricity related tariffs and suggesting them to IERB
Following the Energy Minister order, IERB has been established in 2003. Due to the requirements for power system restructuring and the needs for reregulation, this committee came into exist.
egulatory Board Members:
Regulatory board members are suggested by the energy minister's deputy of electricity & energy and the final decision about the suggested persons' membership is made by energy minister himself. It should be noted that the members are selected from individual experts. Currently the regulatory board has 7 members. The members are appointed for a two years period.
In fact, the IREB is a governmental authority overseeing the electricity market. It acts in a manner that could guarantee the fairness and justices in the electricity market environment. It also monitors the conformation of executive procedures adopted by market operators with the legislated market laws. It also observe the functions and relations of all market participants including the IGMC which acts as the system and market operator. Finally, IREB has the authority to handle the market players' claims.
The regulatory committee members hold more than 240 meetings to legislate the market rules, revise the existing rules (about 100 rules) and make decisions about the cases disputed.
Electricity market is a dynamic environment. Such environment needs to be accurately monitored. As result of this monitoring, some issues are propounded that necessitates to revise the existing regulations and executive instructions. It is also probable that the market players' suggestions or claims unveil the shortcoming of the existing electricity market laws that lead to legislate new regulations. Market monitoring unit of the IGMC could also report the market holes to the IREB due to open access to the market data and close interaction with the market players.
Revising the market rules, suggesting the alternate executive procedures or assessing the electricity market shortcomings needs the technical and economical roots, the effects of decisions on the market conditions and the reactions of the market players to be scrutinized. In these cases, regulatory board establishes the specialized work groups that consult the IREB to solve the issues. Experts, universities professors and experienced individuals are invited to the workgroups. According to the laws, one of the IREB members must participate in the workgroup assessing a market issue. When it is necessary IGMC could also have some representatives in the workgroups.