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

Ercüment Camadan and Ibrahim Erten

Renewable and Sustainable Energy Reviews, 2011, vol. 15, issue 2, 1325-1334

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.

Keywords: Turkey; Electricity; wholesale; market; Balancing; market (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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