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A paper on the unsettled question of Turkish electricity market: Balancing and settlement system (Part I)

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  • Erdogdu, Erkan

Abstract

Turkish electricity market law (EML) came into force in 2001 aiming at establishing a financially strong, stable, transparent and competitive electricity market based on bilateral contracts. Also, a balancing and settlement system (BSS) was put into practice in November 2004 to create a market where uncontracted generation can be traded, and actual implementation of the BSS started on August, 1st 2006 following a 21-month virtual implementation period. However, BSS has always been criticized from its beginning as transferring excessive profits to private generation companies. The present paper analyzes the implementation of BSS and argues that current BSS not only undermines the healthy development of the electricity market in Turkey but also prevents power investments due to uncertainties it created. It concludes that since the inconsistency between the objectives of EML and results of BSS in practice is obvious, Turkish policy makers need to modify current electricity market policy in line with suggestions presented in the paper.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 19090.

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Date of creation: 2010
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Publication status: Published in Applied Energy 1.87(2010): pp. 251-258
Handle: RePEc:pra:mprapa:19090

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Keywords: Balancing and settlement; Turkey; Electricity wholesale market;

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References

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  1. Erdogdu, Erkan, 2008. "An exposé of bioenergy and its potential and utilization in Turkey," Energy Policy, Elsevier, vol. 36(6), pages 2182-2190, June.
  2. Erdogdu, Erkan, 2007. "Regulatory reform in Turkish energy industry: An analysis," Energy Policy, Elsevier, vol. 35(2), pages 984-993, February.
  3. Rabiee, A. & Shayanfar, H. & Amjady, N., 2009. "Multiobjective clearing of reactive power market in deregulated power systems," Applied Energy, Elsevier, vol. 86(9), pages 1555-1564, September.
  4. Streckiene, Giedre & Martinaitis, Vytautas & Andersen, Anders N. & Katz, Jonas, 2009. "Feasibility of CHP-plants with thermal stores in the German spot market," Applied Energy, Elsevier, vol. 86(11), pages 2308-2316, November.
  5. Abdou Kâ Diongue & Dominique Guegan & Bertrand Vignal, 2009. "Forecasting electricity spot market prices with a k-factor GIGARCH process," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00307606, HAL.
  6. Druce, Donald J., 2007. "Modelling the transition from cost-based to bid-based pricing in a deregulated electricity-market," Applied Energy, Elsevier, vol. 84(12), pages 1210-1225, December.
  7. Erdogdu, Erkan, 2007. "Nuclear Power in Open Energy Markets: A case study of Turkey," MPRA Paper 19098, University Library of Munich, Germany.
  8. Crespo Cuaresma, Jesús & Hlouskova, Jaroslava & Kossmeier, Stephan & Obersteiner, Michael, 2004. "Forecasting electricity spot-prices using linear univariate time-series models," Applied Energy, Elsevier, vol. 77(1), pages 87-106, January.
  9. Erdogdu, Erkan, 2007. "Electricity demand analysis using cointegration and ARIMA modelling: A case study of Turkey," Energy Policy, Elsevier, vol. 35(2), pages 1129-1146, February.
  10. 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. Erdogdu, Erkan, 2013. "Essays on Electricity Market Reforms: A Cross-Country Applied Approach," MPRA Paper 47139, University Library of Munich, Germany.
  2. Erdogdu, Erkan, 2011. "The impact of power market reforms on electricity price-cost margins and cross-subsidy levels: a cross country panel data analysis," MPRA Paper 28414, University Library of Munich, Germany.
  3. Lin, Whei-Min & Gow, Hong-Jey & Tsai, Ming-Tang, 2010. "An enhanced radial basis function network for short-term electricity price forecasting," Applied Energy, Elsevier, vol. 87(10), pages 3226-3234, October.

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