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An evaluation of the transitional Turkish electricity balancing and settlement market: Lessons for the future

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  • Camadan, Ercüment
  • Erten, Ibrahim Etem

Abstract

Balancing and settlement market is a crucial part of restructured Turkish electricity market. In this framework, the main purpose of this study is to examine whether the prices constituted in the transitional balancing and settlement market reflect the real cost of imbalances. Although it is observed that the prices are not powerful in indicating the real cost of imbalances, Turkey has the opportunity to form a well-functioning market within the context of planned new market structure. Turkey needs to define a proper roadmap reckoning the points mentioned in this paper to be able to achieve her objectives.

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  • Camadan, Ercüment & Erten, Ibrahim Etem, 2011. "An evaluation of the transitional Turkish electricity balancing and settlement market: Lessons for the future," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(2), pages 1325-1334, February.
    • Handle: RePEc:eee:rensus:v:15:y:2011:i:2:p:1325-1334
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    References listed on IDEAS

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    1. Erdogdu, Erkan, 2005. "Energy market reforms in Turkey: An economic analysis," MPRA Paper 26929, University Library of Munich, Germany.
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    Cited by:

    1. Dastan, Seyit Ali & Selcuk, Orhun, 2016. "Review of the security of supply in Turkish energy markets: Lessons from the winter shortages," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 958-971.
    2. Acar, Berkan & Selcuk, Orhun & Dastan, Seyit Ali, 2019. "The merit order effect of wind and river type hydroelectricity generation on Turkish electricity prices," Energy Policy, Elsevier, vol. 132(C), pages 1298-1319.
    3. Ak, M. & Yanmaz, A.M. & Kentel, E., 2014. "A comparative study on energy income estimation: A case study in Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 700-705.
    4. Sirin, Selahattin Murat & Yilmaz, Berna N., 2021. "The impact of variable renewable energy technologies on electricity markets: An analysis of the Turkish balancing market," Energy Policy, Elsevier, vol. 151(C).

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