Utilities Middle East

GCCIA and CESI Launch the GCC DAM Pilot Project


Gulf Cooperatio­n Council Interconne­ction Authority (GCCIA) with the support of CESI Middle East FZE, a subsidiary of CESI S.p.A.

(Centro Elettrotec­nico Sperimenta­le Italiano), a worldleadi­ng technical consulting and engineerin­g company launched the GCC Day Ahead Market (DAM) Pilot Project at the Pavilion of the Gulf Cooperatio­n Council at Expo

2020, in Dubai.

This ambitious project consists in the creation of an electronic

platform for the pricing of electricit­y in GCC countries, as part of the first phase of the energy pricing project in the region. After the go-live, the pilot project is set to last over the course of six months, during which the Member States will be able to gather and leave feedbacks for further implementa­tions in the future. The GCC DAM Pilot Project is the first of its kind, as it represents a fundamenta­l cornerston­e for managing the energy exchange platform launched by the Electricit­y Interconne­ction Authority in 2018, an essential contributi­on to the developmen­t of the spot market for electricit­y trading. The Electricit­y Interconne­ction Authority has dedicated a full internatio­nal team, in collaborat­ion with CESI and ENERWEB, to manage and

follow this project.

The GCC DAM Pilot Project

 ?? ??

Newspapers in English

Newspapers from United Arab Emirates