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

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

The integrated framework for analysis of electricity supply chain using an integrated SWOT-fuzzy TOPSIS methodology combined with AHP: The case of Turkey

“…Bids and offers accepted by TEIAS are transformed into loading and deloading instructions and issued to the relevant players''. For details of discussions of the system, the reader is referred to [93,98].…”

“…6. Erdogdu [98] provided the mechanism of the system such that ''Bid and offer prices are submitted for each settlement period (daytime, peak, night, twice a month). Until 14:30 every day, they are also required to present physical notifications covering the 24 h period between 00:00 and 24:00 h before the day physical notifications are made.…”

“…Regulation of Balancing and Settlement System in Electricity Market [97] provided the regulatory details of the system, Camadan and Erten [93] and Erdogdu [98] reviewed and discussed the system. The basic system is illustrated in Fig.…”

“…6. Balancing and settlement system in Turkey (adapted from [97,98]). Table 3 SWOT factors considered for the case of Turkey (some factors adapted from [89,90]).…”

Türkiye Elektrik Piyasasında Merit Sınıflandırma Etkisinin Test Edilmesi: Rüzgar Penetrasyonunun Gün Öncesi Elektrik Fiyatlarına Etkisi

“…4628) enacted in 2001, which initiated a comprehensive program to reform Turkish electricity market to a more competitive and liberalized structure. There has been a plethora of studies on economic effects of liberalization and restructuring in Turkish electricity market (e.g., Güneği, 2002;Özkıvrak, 2005;Ulusoy and Oguz, 2007;Bahçe and Taymaz, 2008;Bagdadioglu and Odyakmaz, 2009;Erdogdu, 2010Erdogdu, , 2011Akkemik and Oğuz, 2011;Camadan and Erten, 2011;Camadan, 2011;Camadan and Kölmek, 2013;Karahan and Toptas, 2013;Çetin, 2014;Çetinkaya, et al, 2015;Sirin and Gonul, 2016;Avci-Surucu, et al, 2016;Asan and Tasaltin, 2017). Although there are some researchers suggesting the positive effects of full liberalization shown as the increase in the efficiency and decrease in the household prices (Akkemik and Oguz, 2011), many studies have revealed the deficiencies in Turkish market reform.…”