IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v15y2011i2p1325-1334.html
   My bibliography  Save this article

An evaluation of the transitional Turkish electricity balancing and settlement market: Lessons for the future

Author

Listed:
  • Camadan, Ercüment
  • Erten, Ibrahim Etem

Abstract

Balancing and settlement market is a crucial part of restructured Turkish electricity market. In this framework, the main purpose of this study is to examine whether the prices constituted in the transitional balancing and settlement market reflect the real cost of imbalances. Although it is observed that the prices are not powerful in indicating the real cost of imbalances, Turkey has the opportunity to form a well-functioning market within the context of planned new market structure. Turkey needs to define a proper roadmap reckoning the points mentioned in this paper to be able to achieve her objectives.

Suggested Citation

  • Camadan, Ercüment & Erten, Ibrahim Etem, 2011. "An evaluation of the transitional Turkish electricity balancing and settlement market: Lessons for the future," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(2), pages 1325-1334, February.
    • Handle: RePEc:eee:rensus:v:15:y:2011:i:2:p:1325-1334
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364-0321(10)00350-3
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jamasb, T. & Mota, R. & Newbery, D. & Pollitt, M., 2004. "‘Electricity Sector Reform in Developing Countries: A Survey of Empirical Evidence on Determinants and Performance’," Cambridge Working Papers in Economics 0439, Faculty of Economics, University of Cambridge.
    2. 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.
    3. Erdogdu, Erkan, 2007. "Regulatory reform in Turkish energy industry: An analysis," Energy Policy, Elsevier, vol. 35(2), pages 984-993, February.
    4. Cetin, Tamer & Oguz, Fuat, 2007. "The politics of regulation in the Turkish electricity market," Energy Policy, Elsevier, vol. 35(3), pages 1761-1770, March.
    5. Erdogdu, Erkan, 2005. "Energy market reforms in Turkey: An economic analysis," MPRA Paper 26929, University Library of Munich, Germany.
    6. Sioshansi, Fereidoon P., 2006. "Electricity Market Reform: What Have We Learned? What Have We Gained?," The Electricity Journal, Elsevier, vol. 19(9), pages 70-83, November.
    7. Bagdadioglu, Necmiddin & Odyakmaz, Necmi, 2009. "Turkish electricity reform," Utilities Policy, Elsevier, vol. 17(1), pages 144-152, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dastan, Seyit Ali & Selcuk, Orhun, 2016. "Review of the security of supply in Turkish energy markets: Lessons from the winter shortages," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 958-971.
    2. Acar, Berkan & Selcuk, Orhun & Dastan, Seyit Ali, 2019. "The merit order effect of wind and river type hydroelectricity generation on Turkish electricity prices," Energy Policy, Elsevier, vol. 132(C), pages 1298-1319.
    3. Ak, M. & Yanmaz, A.M. & Kentel, E., 2014. "A comparative study on energy income estimation: A case study in Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 700-705.
    4. Sirin, Selahattin Murat & Yilmaz, Berna N., 2021. "The impact of variable renewable energy technologies on electricity markets: An analysis of the Turkish balancing market," Energy Policy, Elsevier, vol. 151(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ali Akkemik, K., 2009. "Cost function estimates, scale economies and technological progress in the Turkish electricity generation sector," Energy Policy, Elsevier, vol. 37(1), pages 204-213, January.
    2. Tasdoven, Hidayet & Fiedler, Beth Ann & Garayev, Vener, 2012. "Improving electricity efficiency in Turkey by addressing illegal electricity consumption: A governance approach," Energy Policy, Elsevier, vol. 43(C), pages 226-234.
    3. Erdogdu, Erkan, 2007. "Nuclear power in open energy markets: A case study of Turkey," Energy Policy, Elsevier, vol. 35(5), pages 3061-3073, May.
    4. Erisa Dautaj Şenerdem & K. Ali Akkemik, 2020. "Evaluation of the reform in the Turkish electricity sector: a CGE analysis," International Journal of Economic Policy Studies, Springer, vol. 14(2), pages 389-419, August.
    5. Dastan, Seyit Ali, 2011. "Analysing success of regulatory policy transfers: Evidence from Turkish energy markets," Energy Policy, Elsevier, vol. 39(12), pages 8116-8124.
    6. Abdurrahman Nazif ÇATIK, 2020. "A Time-varying VAR Investigation of the Relationship among Electricity, Fossil Fuel Prices and Exchange Rate in Turkey," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 60-77, September.
    7. Erdogdu, Erkan, 2011. "The impact of power market reforms on electricity price-cost margins and cross-subsidy levels: A cross country panel data analysis," Energy Policy, Elsevier, vol. 39(3), pages 1080-1092, March.
    8. Weigt, Hannes, 2009. "A Review of Liberalization and Modeling of Electricity Markets," MPRA Paper 65651, University Library of Munich, Germany.
    9. Özbuğday, Fatih Cemil & Öğünlü, Bilal & Alma, Hasan, 2016. "The sustainability of Turkish electricity distributors and last-resort electricity suppliers: What did transition from vertically integrated public monopoly to regulated competition with privatized an," Utilities Policy, Elsevier, vol. 39(C), pages 50-67.
    10. Erdogdu, Erkan, 2013. "Essays on Electricity Market Reforms: A Cross-Country Applied Approach," MPRA Paper 47139, University Library of Munich, Germany.
    11. 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.
    12. Erdogdu, Erkan, 2009. "On the wind energy in Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(6-7), pages 1361-1371, August.
    13. Bagdadioglu, Necmiddin & Odyakmaz, Necmi, 2009. "Turkish electricity reform," Utilities Policy, Elsevier, vol. 17(1), pages 144-152, March.
    14. G lden B l k & A. Ali Ko, 2013. "The Implications of Biofuel Policy in Turkey," International Journal of Energy Economics and Policy, Econjournals, vol. 3(Special), pages 14-22.
    15. Erdogdu, Erkan, 2008. "An exposé of bioenergy and its potential and utilization in Turkey," Energy Policy, Elsevier, vol. 36(6), pages 2182-2190, June.
    16. Erkan Erdogdu, 2014. "The Political Economy of Electricity Market Liberalization: A Cross-country Approach," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    17. Akkemik, K. Ali, 2011. "Potential impacts of electricity price changes on price formation in the economy: a social accounting matrix price modeling analysis for Turkey," Energy Policy, Elsevier, vol. 39(2), pages 854-864, February.
    18. Koç, Cengiz, 2014. "A study on the development of hydropower potential in Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 498-508.
    19. 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.
    20. 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.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:15:y:2011:i:2:p:1325-1334. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.