News

Supporting scheme for green power amended

Published

May 12, 2016

Comments

comments icon

0

Share

Published:

May 12, 2016

Comments:

comments icon

0

Share

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.

 

Tags:

Related Articles

Belgrade Energy Forum 2025 sponsors

Everything is ready for Belgrade Energy Forum 2025 – welcome!

11 May 2025 - On May 14 and 15, Belgrade Energy Forum 2025 will gather four hundred participants from more then 30 countries from the region, Europe, and beyond

Bulgaria IBEX guarantees of origin market

Bulgaria’s IBEX launches guarantees of origin market

09 May 2025 - The first four participants registered last month at the guarantees of origin platform of the Independent Bulgarian Energy Exchange (IBEX)

Major offshore wind projects shelved in another blow to industry

Major offshore wind projects shelved in another blow to industry

09 May 2025 - Ørsted decided to halt its Hornsea 4 project in the UK, while the US stopped the construction of Equinor's Empire Wind 1 facility

Serbia EPS PPAs wind parks Alibunar 1 Alibunar 2

Serbia’s EPS signs PPAs for wind parks Alibunar 1, Alibunar 2

08 May 2025 - Serbia's state-owned Elektroprivreda Srbije will offtake electricity from future wind parks Alibunar 1 and Alibunar 2, of 168 MW in total.