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

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 observe...

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Bibliographic Details
Published in:Renewable & sustainable energy reviews 2011-02, Vol.15 (2), p.1325-1334
Main Authors: Camadan, Ercüment, Erten, Ibrahim Etem
Format: Article
Language:English
Subjects:
Applied sciences
Balancing market
Clean energy
Economic data
Electric energy
Electricity
Electricity wholesale market
Energy
Energy economics
Exact sciences and technology
General, economic and professional studies
market structure
Marketing
Markets
new markets
prices
Settlements
Turkey
Turkey Electricity wholesale market Balancing market
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Summary: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.
ISSN:1364-0321
1879-0690
DOI:10.1016/j.rser.2010.10.010