Electricity Market
Electricity Exchange and Trade
GCCIA manages the electrical interconnection capacities between GCC countries to support a robust and dynamic electricity market, enabling member states to optimize their energy resources and enhance regional cooperation. Through its commercial services under the Power Exchange and Trade Agreement, GCCIA facilitates electricity trading by enabling scheduled energy transfers, allowing countries to efficiently buy and sell electricity across borders. Additionally, GCCIA provides the necessary framework for contracts that enable member countries to share installed capacity resources, allowing them to utilize each other's power generation capabilities to meet demand. The Authority also establishes contracts for the provision of operational reserves, which help maintain grid stability and reliability throughout the region. To ensure smooth and fair energy transactions, GCCIA manages the settlement of unscheduled energy exchanges between member countries.
GCCIA organizes tenders for interconnection transmission capacities and oversees the settlement of transactions for electricity trading, participation in installed capacity resources, and the provision of operational reserves among the GCC countries. The GCC Electricity Market Platform, managed by the Authority, plays a crucial role in facilitating energy trade across the region. This platform simplifies the process of electricity trading among GCC countries and supports the establishment of bilateral contracts, ensuring seamless and efficient exchanges. It also enhances grid stability and energy security by promoting transparency, efficiency, and the diversification of energy sources.
Through these comprehensive services, GCCIA aims to advancing the GCC electricity market, fostering greater energy cooperation, and ensuring a sustainable, reliable, and cost-effective power supply for all member countries.