Review of the security of supply in Turkish energy markets: Lessons from the winter shortages


Dastan S. A. , Selcuk O.

RENEWABLE & SUSTAINABLE ENERGY REVIEWS, vol.59, pp.958-971, 2016 (Journal Indexed in SCI) identifier identifier

  • Publication Type: Article / Review
  • Volume: 59
  • Publication Date: 2016
  • Doi Number: 10.1016/j.rser.2016.01.015
  • Title of Journal : RENEWABLE & SUSTAINABLE ENERGY REVIEWS
  • Page Numbers: pp.958-971

Abstract

Turkey has changed the essentials of its energy markets more than a decade ago. It was mainly a transition from a state-led model to a free-market one. Although some levels of progress is observable; security of supply, particularly in times of short term supply disruption had not been widely tested. Harsh winter conditions set a litmus test for Turkish energy markets. Basing on the this test, this paper provides an analysis of to what extent Turkey is open to the risks of energy supply security; and discusses possible measures to relieve future supply disruption risks. Energy policy-making should consider the fact that electricity and gas markets are highly intertwined in Turkey; and security of supply measures could have cross-market implications, paper concludes. (C) 2016 Elsevier Ltd. All rights reserved.