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Nuclear Power in Open Energy Markets: A case study of Turkey

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  • Erdogdu, Erkan

Abstract

For many decades, like many developed countries, Turkey has controlled her electricity sector as a state-owned monopoly. However, faced with rapid electricity demand growth, Turkey started to consider nuclear option. The present paper aims at evaluating both the present status of nuclear power in general and its implications for Turkish energy market in particular. After examining existing nuclear power technology and providing a brief overview of nuclear power economics; it focuses on the repercussions of nuclear power for Turkish energy market. The paper concludes that, in the short run, it may be considered to keep nuclear power within Turkish energy mix because it is an important carbon-free source of power that can potentially make a significant contribution to both Turkey's future electricity supply and efforts to strengthen Turkey's security of supply. However, in the long term, nuclear power should be retained in Turkey only if it has a lower cost than competing technologies.

Suggested Citation

  • Erdogdu, Erkan, 2007. "Nuclear Power in Open Energy Markets: A case study of Turkey," MPRA Paper 19098, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:19098
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    References listed on IDEAS

    as
    1. Erdogdu, Erkan, 2002. "Turkey and Europe: Undivided but not united," MPRA Paper 26928, University Library of Munich, Germany.
    2. Andersson, Bo & Haden, Erik, 1997. "Power production and the price of electricity: an analysis of a phase-out of Swedish nuclear power," Energy Policy, Elsevier, vol. 25(13), pages 1051-1064, November.
    3. Erdogdu, Erkan, 2005. "Energy market reforms in Turkey: An economic analysis," MPRA Paper 26929, University Library of Munich, Germany.
    4. Hepbasli, Arif, 2005. "Development and restructuring of Turkey's electricity sector: a review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 9(4), pages 311-343, August.
    5. Erdogdu, Erkan, 2007. "Regulatory reform in Turkish energy industry: An analysis," Energy Policy, Elsevier, vol. 35(2), pages 984-993, February.
    6. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Erdogdu, Erkan, 2010. "Natural gas demand in Turkey," Applied Energy, Elsevier, vol. 87(1), pages 211-219, January.
    2. Erdogdu, Erkan, 2011. "An analysis of Turkish hydropower policy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 689-696, January.
    3. Erdogdu, Erkan, 2010. "A paper on the unsettled question of Turkish electricity market: Balancing and settlement system (Part I)," Applied Energy, Elsevier, vol. 87(1), pages 251-258, January.
    4. Erdogdu, Erkan, 2009. "A snapshot of geothermal energy potential and utilization in Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2535-2543, December.
    5. Erdogdu, Erkan, 2008. "An exposé of bioenergy and its potential and utilization in Turkey," Energy Policy, Elsevier, vol. 36(6), pages 2182-2190, June.
    6. Erdogdu, Erkan, 2009. "Some thoughts on the Turkish electricity distribution industry," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(6-7), pages 1485-1494, August.
    7. Tang, Ling & Yu, Lean & Wang, Shuai & Li, Jianping & Wang, Shouyang, 2012. "A novel hybrid ensemble learning paradigm for nuclear energy consumption forecasting," Applied Energy, Elsevier, vol. 93(C), pages 432-443.
    8. Erdogdu, Erkan, 2009. "On the wind energy in Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(6-7), pages 1361-1371, August.
    9. Köne, Aylin Çigdem & Büke, Tayfun, 2010. "Forecasting of CO2 emissions from fuel combustion using trend analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2906-2915, December.
    10. Talinli, Ilhan & Topuz, Emel & Uygar Akbay, Mehmet, 2010. "Comparative analysis for energy production processes (EPPs): Sustainable energy futures for Turkey," Energy Policy, Elsevier, vol. 38(8), pages 4479-4488, August.

    More about this item

    Keywords

    Turkish energy market; Nuclear power; Electricity;

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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