Demand side participation regulation in Turkish organized electricity markets
| Title | Demand side participation regulation in Turkish organized electricity markets |
|---|---|
| Author | Yitgin, Burak |
| Publication Date: | 2017-08 |
| Type | Document |
| Language | Turkish |
| Digital | Yes |
| Manuscript | No |
| Library: | Özyeğin University |
| Record ID | 32a130e4-8fea-4e77-bbaf-919c74aa988d |
| Library Location | Department of Public Law |
| Date | 2017-08 |
| Sample Text | The acceleration of the formation of the electricity market as of 2001 and the establishment of the Energy Markets Management Joint Stock Company in September 2015 aimed to provide an efficient trading environment between producers and electricity suppliers. In the current system, producers and electricity suppliers take positions according to the consumption forecasts of electricity consumers. These positions; bilateral agreements, spot markets, including day-ahead and intraday markets, and the balancing and power market in the last process. In the current system, electricity consumption occurs independently of the prices that occur or may occur in the spot and balancing power markets. In summary, supply is shaped by demand. Due to the sources of electricity production and the constraints in electricity transmission, electricity supply cannot always provide equal competition to all participants in the market, and anomalies occur in price and consumption. While the costs of these anomalies will be reflected on consumers, this will cause the electricity market to function inefficiently with the inefficient reference price it will create. Demand side participation practices refer to the guidance of the electricity user through demand shifts in the electricity market supply-demand curve in order to prevent excess capacity consumption and abnormal prices in the short term. Demand side participation in electricity markets is of great importance in order to respond to Türkiye's increasing energy demand in the most efficient way and to make the Turkish market a more competitive market., The acceleration of the formation of the electricity market as of 2001 and the establishment of the Energy Exchange Istanbul in September 2015 provided an efficient trading environment between the electricity generators and suppliers. In the current system, electricity generators and suppliers are positioned according to the electricity consumers' consumption forecasts. These positions are; bilateral agreements, spot markets including Day Ahead and Intraday Markets, and in the final period the Balancing Power Market. In the current system, electricity consumption is independent of the prices formed in the spot / balancing power markets. In summary, supply is shaped according to the demand. Market access may not be provided to all participants clearly due to the sources of electricity production and the restrictions on electricity transmission. These conditions generally resulted with anomalies in prices and consumption side. These anomalies will cause the electricity market to run inefficiently with the inefficient reference price that costs will be reflected the consumers in the long run. Demand-side participation practices are described to direct the electricity consumers with the demand shifts in the demand curve in the electricity market supply-demand curve to avoid excessive capacity consumption and abnormal prices in the short run. Demand-side participation in electricity markets has great importance for Turkey to respond to increasing energy demand in the most efficient way which will create a more competitive energy market. |
