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Impact of Wind Energy Generation on Wholesale Electricity Prices in Turkish Electricity Markets

Özçakmak, Emre (2016) Impact of Wind Energy Generation on Wholesale Electricity Prices in Turkish Electricity Markets.

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Abstract:As the result of the National Energy Plan (Energy Issues, 2015); Turkey pursues to have an installed capacity of 30% of renewable energy by 2023 and lower the emissions level to EU standards. Moreover, day by day the share of renewable generation of electricity increases and integrated into wholesale market. Study aims to understand possible the impacts of increasing intermittent wind electricity generation on electricity prices and merit order. Secondly; existing regulations are investigated to secure electricity supply in Turkish electricity market. In Chapter 1, Turkish electricity markets and main energy policies are described, problem statement on wind energy and electricity prices are defined, research objective and research questions are formed. In Chapter 2, current situation organization and functioning of Turkish electricity markets with actual renewable shares and reforms are explained. In Chapter 3, academic literature on impacts of wind generation penetration on market and price interaction investigated, possible implications of large amount of wind generation penetration into Turkish wholesale market structure and on merit order is explained; In Chapter 4; concept of competitive wholesale electricity markets are defined and regulatory options for securing electricity supply in a competitive wholesale electricity market are discussed. In Chapter 5; Overall results of the possible impact of wind generation penetration on market prices with merit order relationship and necessary regulatory options for securing RES generation in Turkish electricity markets are stated.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:43 environmental science
Programme:Environmental and Energy Management MSc (69319)
Link to this item:http://purl.utwente.nl/essays/77392
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