The role of nuclear energy in competitive power markets: Policy solutions applied to Turkiye

Erkan Erdoğdu ()

Journal of Policy Modeling, 2025, vol. 47, issue 6, 1322-1343

Abstract: The transition to low-carbon energy sources presents critical challenges for competitive electricity markets, particularly in developing economies. This study examines the role of nuclear energy in achieving net-zero targets while addressing market inefficiencies and policy gaps. Using Turkiye as a case study, our findings reveal that nuclear power, despite its low-carbon benefits, faces financial and regulatory barriers that hinder its competitiveness. Through an empirically validated policy model, we propose market-compatible instruments, such as Contracts for Difference (CfD) and capacity remuneration mechanisms, to enhance nuclear investment. These insights offer actionable policy solutions to reconcile nuclear energy deployment with market efficiency.

Keywords: Nuclear energy; Net-zero transition; Competitive power markets; Climate policy; Developing countries (search for similar items in EconPapers)
JEL-codes: L94 O13 Q40 Q42 Q48 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:47:y:2025:i:6:p:1322-1343

DOI: 10.1016/j.jpolmod.2025.07.003

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