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Renewable Energy Support Mechanism in Turkey: Financial Analysis and Recommendations to Policymakers

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  • Mustafa G zen

    (Electricity Market Department, Energy Market Regulatory Authority, Ankara, Turkey)

Abstract

The Turkish Grand National Parliament passed a renewable energy promotion law that provides feed-in tariffs for electricity generation from renewable energy sources in 2005. This law was not attractive to investors due to the low level of feed-in tariffs. Then, in 2011, the promotion law was amended and a new support scheme integrated in the day-ahead market was introduced. Therefore, the main purpose of this article is to explain the new support mechanism, analyze it from the financial perspective, and discuss the related key issues and challenges. In addition, to further improve the support mechanism, some recommendations have been made to policymakers.

Suggested Citation

  • Mustafa G zen, 2014. "Renewable Energy Support Mechanism in Turkey: Financial Analysis and Recommendations to Policymakers," International Journal of Energy Economics and Policy, Econjournals, vol. 4(2), pages 274-287.
    • Handle: RePEc:eco:journ2:2014-02-17
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    References listed on IDEAS

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    Cited by:

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    2. Mustafa Gozen, 2015. "Unlicensed Renewable Energy Generation: A Review of Regulation and Applications in the Context of Turkey," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 1-13.
    3. Yousefi-Sahzabi, Amin & Unlu-Yucesoy, Eda & Sasaki, Kyuro & Yuosefi, Hossein & Widiatmojo, Arif & Sugai, Yuichi, 2017. "Turkish challenges for low-carbon society: Current status, government policies and social acceptance," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P1), pages 596-608.
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    5. Bilgili, Mehmet & Bilirgen, Harun & Ozbek, Arif & Ekinci, Firat & Demirdelen, Tugce, 2018. "The role of hydropower installations for sustainable energy development in Turkey and the world," Renewable Energy, Elsevier, vol. 126(C), pages 755-764.

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    More about this item

    Keywords

    Feed-in tariff; RES support scheme; Turkish electricity market;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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