Predicting energy generation output in advance will make Turkish electricity market more secure, Mustafa Yılmaz, head of Energy Market Regulatory Authority (EMRA), told Anadolu Agency.
According to the recently revised legislation on power plants called the Supporting Mechanism for Renewable Energy Resources, or Yekdem scheme, the electricity registered in the system can be sold on a day-ahead, intra-day, imbalance and over-the-counter market via bilateral agreements with buyers. The revised version of the by-law was published on April 29 in the official gazette. Electricity producers registered for the scheme said they were not ready for implementing the requirements of the changes which came into effect on May 1.
However, Yılmaz says the mechanism will go ahead regardless, the agency’s Energy News Terminal reported. “There will be no delay on the implementation of this revised decision. It will be more secure for the electricity market because the electricity output of these plants can be estimated one day in advance,” he stated.
He added the scheme holds electricity producers responsible for making production forecasts. Producers in Yekdem will need to stick to their forecast market reference price and should it transpire that there is fluctuations in the reference price, producers will either pay the difference or reap the profits from the price difference.