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General Outline. Importance of energy issue in world arenaTurkish Energy Market Regulatory AuthorithyTurkish energy market reformEnergy Regulators Regional AssociationTurkish electricity market potential. The Importance of Energy
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2. General Outline Importance of energy issue in world arena
Turkish Energy Market Regulatory Authorithy
Turkish energy market reform
Energy Regulators Regional Association
Turkish electricity market potential
3. The Importance of Energy –I- “Today’s modern disasters will come by blackouts” by Umberto Eco
Energy is the engine of growth for developing countries,
Energy is the insurance of keeping high living standards in developed countries.
4. The Importance of Energy –II- 20 Trillion Dollars is needed for energy sector until 2030 according to the OECD,
Energy is a “sine-qua-non” for all of us at the debut of twenty first century,
Eurasia is the heart and the main axis of energy game,
Interdependancy and mutual gains are the rule of thumbs of this game,
In this game Turkey should not only be “a pivotal bridge country” but also “a energy hub”,
The standardization, harmonization and integration of markets,
Close cooperation and coordination on international level.
5. Regulation and De-regulation in Retrospective Regulation & De-regulation are the two sides of the same coin,
This new trend has began towards the end of 70s and the debut of 80s by Chilie and United Kingdom respectively,
The reasons behind this structural evolution is different almost in everywhere,
Liberalisation and privatisation are always first steps of the process,
Today there are 294 regulatory organisations in energy all around the world.
6. Turkey has established a new legal framework which is a major step towards liberalization in the electricity sector. The Electricity Market Law, issued on 3 March 2001 aims to liberalize electricity market.
The new legal framework abolishes the state monopolies and thus allows private sector participation in the energy industry in Turkey, under the supervision of Energy Market Regulatory Authority. In accordance with the law, the ownership and operation of certain facilities in the energy sector will gradually be transferred from public to private sector.
With the law, electricity market is to operate under free market principles, in a competitive, stable, financially reliable, and transparent business environment, where participants are treated without discrimination.
The Turkish power market is currently going through a reform process that was initiated with the enactment of the Electricity Market Law in March 2001.
The Law has the objective of developing a transparent and competitive electricity market, achieving stability of supply, and ensuring good quality, cheap and environmentally friendly electricity. With the Electricity Market Law, Energy Market Regulatory Authority (EMRA) as an independent entity was established, which is governed by the Energy Market Regulatory Board. The Board comprises nine members including the President and the Vice President. The Board is appointed by the Council of Ministers. The President chairs the Board and governs EMRA.
EMRA has the following duties: Preparing and implementing secondary legislation, Authorizing market participants, Approving and publishing tariffs, Monitoring and supervising market participants, Conducting technical, legal and financial audits, Settling disputes, Applying sanctions where necessary, Approving, amending and enforcing performance standards.
Turkey has established a new legal framework which is a major step towards liberalization in the electricity sector. The Electricity Market Law, issued on 3 March 2001 aims to liberalize electricity market.
The new legal framework abolishes the state monopolies and thus allows private sector participation in the energy industry in Turkey, under the supervision of Energy Market Regulatory Authority. In accordance with the law, the ownership and operation of certain facilities in the energy sector will gradually be transferred from public to private sector.
With the law, electricity market is to operate under free market principles, in a competitive, stable, financially reliable, and transparent business environment, where participants are treated without discrimination.
The Turkish power market is currently going through a reform process that was initiated with the enactment of the Electricity Market Law in March 2001.
The Law has the objective of developing a transparent and competitive electricity market, achieving stability of supply, and ensuring good quality, cheap and environmentally friendly electricity. With the Electricity Market Law, Energy Market Regulatory Authority (EMRA) as an independent entity was established, which is governed by the Energy Market Regulatory Board. The Board comprises nine members including the President and the Vice President. The Board is appointed by the Council of Ministers. The President chairs the Board and governs EMRA.
EMRA has the following duties: Preparing and implementing secondary legislation, Authorizing market participants, Approving and publishing tariffs, Monitoring and supervising market participants, Conducting technical, legal and financial audits, Settling disputes, Applying sanctions where necessary, Approving, amending and enforcing performance standards.
7. Turkey has established a new legal framework which is a major step towards liberalization in the electricity sector. The Electricity Market Law, issued on 3 March 2001 aims to liberalize electricity market.
The new legal framework abolishes the state monopolies and thus allows private sector participation in the energy industry in Turkey, under the supervision of Energy Market Regulatory Authority. In accordance with the law, the ownership and operation of certain facilities in the energy sector will gradually be transferred from public to private sector.
With the law, electricity market is to operate under free market principles, in a competitive, stable, financially reliable, and transparent business environment, where participants are treated without discrimination.
The Turkish power market is currently going through a reform process that was initiated with the enactment of the Electricity Market Law in March 2001.
The Law has the objective of developing a transparent and competitive electricity market, achieving stability of supply, and ensuring good quality, cheap and environmentally friendly electricity. With the Electricity Market Law, Energy Market Regulatory Authority (EMRA) as an independent entity was established, which is governed by the Energy Market Regulatory Board. The Board comprises nine members including the President and the Vice President. The Board is appointed by the Council of Ministers. The President chairs the Board and governs EMRA.
EMRA has the following duties: Preparing and implementing secondary legislation, Authorizing market participants, Approving and publishing tariffs, Monitoring and supervising market participants, Conducting technical, legal and financial audits, Settling disputes, Applying sanctions where necessary, Approving, amending and enforcing performance standards.
Turkey has established a new legal framework which is a major step towards liberalization in the electricity sector. The Electricity Market Law, issued on 3 March 2001 aims to liberalize electricity market.
The new legal framework abolishes the state monopolies and thus allows private sector participation in the energy industry in Turkey, under the supervision of Energy Market Regulatory Authority. In accordance with the law, the ownership and operation of certain facilities in the energy sector will gradually be transferred from public to private sector.
With the law, electricity market is to operate under free market principles, in a competitive, stable, financially reliable, and transparent business environment, where participants are treated without discrimination.
The Turkish power market is currently going through a reform process that was initiated with the enactment of the Electricity Market Law in March 2001.
The Law has the objective of developing a transparent and competitive electricity market, achieving stability of supply, and ensuring good quality, cheap and environmentally friendly electricity. With the Electricity Market Law, Energy Market Regulatory Authority (EMRA) as an independent entity was established, which is governed by the Energy Market Regulatory Board. The Board comprises nine members including the President and the Vice President. The Board is appointed by the Council of Ministers. The President chairs the Board and governs EMRA.
EMRA has the following duties: Preparing and implementing secondary legislation, Authorizing market participants, Approving and publishing tariffs, Monitoring and supervising market participants, Conducting technical, legal and financial audits, Settling disputes, Applying sanctions where necessary, Approving, amending and enforcing performance standards.
8. Map of ERRA Countries
9. Generation & Transmission
10. Electricity Distribution Regions
11. Turkey’s Promising Future in Electricity Sector High and rapid growth in demand
Robust and well designed legal infrastructure regarding of Law (EML 4628) and secondary legislation
Compliance with the European Acquis
Geo-strategic importance & advantage,
Competitive, stable, financially reliable, and transparent business environment without discrimination
Independent market surveillance and regulation by Energy Market Regulatory Authority which is independent, financially and administratively autonomous body
Free market system based on biliteral aggreement and supported by balancing and settlment mechanism,
Privatization of both generation and disribution assets,
Completion of UCTE connection in very near future,
Good governance principles
Cost-reflective tariff system
12. THANK YOU VERY MUCH
for
YOUR KIND ATTENTION
