A Supply and Demand Analysis for the Turkish Electricity Market: Supply Adequacy and Resource Utilization

<p>Electricity is a critical commodity for which the demand should be met using reliable, cost-effective, and sustainable resources. The characteristics of supply and demand should be comparatively analyzed for efficient electric power system planning. This study examines Turkey’s current elec...

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Autores principales:	Selim Önay, Ahmet Yücekaya, Ayşe Bilge, Esra Ağca Aktunç
Formato:	article
Lenguaje:	EN
Publicado:	EconJournals 2021
Materias:	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
Acceso en línea:	https://doaj.org/article/6e1995b9cc2b46b0b543bbfc2871e73a
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spelling	oai:doaj.org-article:6e1995b9cc2b46b0b543bbfc2871e73a2021-11-12T07:27:31ZA Supply and Demand Analysis for the Turkish Electricity Market: Supply Adequacy and Resource Utilization2146-4553https://doaj.org/article/6e1995b9cc2b46b0b543bbfc2871e73a2021-11-01T00:00:00Zhttps://econjournals.com/index.php/ijeep/article/view/11412https://doaj.org/toc/2146-4553<p>Electricity is a critical commodity for which the demand should be met using reliable, cost-effective, and sustainable resources. The characteristics of supply and demand should be comparatively analyzed for efficient electric power system planning. This study examines Turkey’s current electricity supply and demand and their characteristics for future balance. Turkey’s installed capacity and electricity consumption per capita are analyzed using historical data, and trends for future electricity demand are estimated. Electricity supply based on generation sources is reviewed, and the historical contribution of each source to total generation is shown. Statistical distribution of electricity generation by generation types and their relationships are also investigated. As the supply adequacy should be carefully reviewed for sustainability, finally, the characteristics of supply are analyzed using capacity factors, reserve margins, capacity margins, load duration curves, and peak-to-average demand ratios. It is shown that although the margins are above comfortable levels after 2017, they still need to be increased as the increased use of renewables might require extra availability. The load duration curves and peak-to-average demand ratios have shown that the density of demand is increasing, and capacity needs to be expanded and utilized carefully in the future for the reliability of the power system.</p><p><strong>Keywords: </strong>Electricity Supply-Demand, Electricity Generation Sources, Consumption Trends, Capacity Factor, Reserve Margin, Load Duration Curve</p><p><strong>JEL Classifications:</strong> Q41, O13, L94<strong></strong></p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11412">https://doi.org/10.32479/ijeep.11412</a></p>Selim ÖnayAhmet YücekayaAyşe BilgeEsra Ağca AktunçEconJournalsarticleEnvironmental sciencesGE1-350Energy industries. Energy policy. Fuel tradeHD9502-9502.5ENInternational Journal of Energy Economics and Policy, Vol 11, Iss 6, Pp 315-327 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
spellingShingle	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5 Selim Önay Ahmet Yücekaya Ayşe Bilge Esra Ağca Aktunç A Supply and Demand Analysis for the Turkish Electricity Market: Supply Adequacy and Resource Utilization
description	<p>Electricity is a critical commodity for which the demand should be met using reliable, cost-effective, and sustainable resources. The characteristics of supply and demand should be comparatively analyzed for efficient electric power system planning. This study examines Turkey’s current electricity supply and demand and their characteristics for future balance. Turkey’s installed capacity and electricity consumption per capita are analyzed using historical data, and trends for future electricity demand are estimated. Electricity supply based on generation sources is reviewed, and the historical contribution of each source to total generation is shown. Statistical distribution of electricity generation by generation types and their relationships are also investigated. As the supply adequacy should be carefully reviewed for sustainability, finally, the characteristics of supply are analyzed using capacity factors, reserve margins, capacity margins, load duration curves, and peak-to-average demand ratios. It is shown that although the margins are above comfortable levels after 2017, they still need to be increased as the increased use of renewables might require extra availability. The load duration curves and peak-to-average demand ratios have shown that the density of demand is increasing, and capacity needs to be expanded and utilized carefully in the future for the reliability of the power system.</p><p><strong>Keywords: </strong>Electricity Supply-Demand, Electricity Generation Sources, Consumption Trends, Capacity Factor, Reserve Margin, Load Duration Curve</p><p><strong>JEL Classifications:</strong> Q41, O13, L94<strong></strong></p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11412">https://doi.org/10.32479/ijeep.11412</a></p>
format	article
author	Selim Önay Ahmet Yücekaya Ayşe Bilge Esra Ağca Aktunç
author_facet	Selim Önay Ahmet Yücekaya Ayşe Bilge Esra Ağca Aktunç
author_sort	Selim Önay
title	A Supply and Demand Analysis for the Turkish Electricity Market: Supply Adequacy and Resource Utilization
title_short	A Supply and Demand Analysis for the Turkish Electricity Market: Supply Adequacy and Resource Utilization
title_full	A Supply and Demand Analysis for the Turkish Electricity Market: Supply Adequacy and Resource Utilization
title_fullStr	A Supply and Demand Analysis for the Turkish Electricity Market: Supply Adequacy and Resource Utilization
title_full_unstemmed	A Supply and Demand Analysis for the Turkish Electricity Market: Supply Adequacy and Resource Utilization
title_sort	supply and demand analysis for the turkish electricity market: supply adequacy and resource utilization
publisher	EconJournals
publishDate	2021
url	https://doaj.org/article/6e1995b9cc2b46b0b543bbfc2871e73a
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A Supply and Demand Analysis for the Turkish Electricity Market: Supply Adequacy and Resource Utilization

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