About energy market

 

 

Electricity, which is produced and consumed simultaneously, is a type of energy that cannot be stored due to its very nature. All suppliers in the electricity market deliver the electricity they produce to a system that operates as a pool. All consumers in Turkey cover their electricity needs from this common electricity pool.

 

The suppliers who you make contract with transfer the electricity on behalf of you. And the consumer uses the electricity produced by the supplier from the pool system, without making any changes on the existing electrical lines.

 

Why energy sector is becoming privatized?

 

 

  • • Government is playing a role as regulatory and supervisory to be oriented with European Union acquis,

  • • To reduce the margins by means of operating electricity production and distribution in an active and efficient way,

  • • To provide electricity security of supply,

  • • To achieve the level of OECD countries’ leakage losses,

  • • To reflect the benefits of competitive environment resulted from the private sector, which undertakes the innovation and investment costs.

 

Suplier; Electricity wholesale companies, production companies, autoproducers, autoproducer groups, retail trade companies, distribution companies owning retail trade license that provide electricity or capacity to their customers.

 

Market Financial Settlement Center: The unit that runs the financial settlement system within the frame of TEİAŞ legislation, to calculate the amounts beholden or demanded by legal entities to each other, as a result of national distribution center’s real-time electricity supply - demand physical balance. The presidency’s name is changed to Ministry of Electricity Market Operating Department in 2012.

 

Reactive Energy: An energy component that is evaluated as a loss due to current and voltage phase mismatch in electrical circuits.

 

Daytime: The time slot that states the electricity consumption between 06:00 – 17:00.

 

Peak Load:The time slot that states the electricity consumption between 17:00 – 22:00

 

Night:The time slot that states the electricity consumption between 22:00 – 06:00

 

Retail Sales Price: The value, which is calculated as the multiplication of total kWh consumption amount with retail sales service unit cost, in exchange for distribution company’s services such as invoice distribution, contracting etc.

 

Meter Reading Price: The price collected by distribution companies for meter reading service.

 

Transmission System Usage Price: The price that is paid by distribution company to transmission company (TEİAŞ) in exchange for transmission services.

 

Distribution System Usage Price: The value, which is calculated as the multiplication of total kWh consumption amount with distribution system usage unit cost, in exchange for distribution company’s on-off, breakdown maintenance, repair etc. services.

 


 
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