Renewable Energy Support Mechanism in Turkey: Financial Analysis and Recommendations to Policymakers

Authors

  • Mustafa GOZEN

Abstract

The Turkish Grand National Parliament passed a renewable energy promotion law that provides feed-in tariffs for electricity generation from renewable energy sources in 2005. This law was not attractive to investors due to the low level of feed-in tariffs. Then, in 2011, the promotion law was amended and a new support scheme integrated in the day-ahead market was introduced. Therefore, the main purpose of this article is to explain the new support mechanism, analyze it from the financial perspective, and discuss the related key issues and challenges. In addition, to further improve the support mechanism, some recommendations have been made to policymakers. Keywords: Feed-in tariff; RES support scheme; Turkish electricity market Jel Classifications: E6; G39; H2; Q48

Downloads

Download data is not yet available.

Author Biography

Mustafa GOZEN

Energy expert and acting group head responsible for market monitoring and drafting secondary legislation in the electricity market

Downloads

Published

2014-03-17

How to Cite

GOZEN, M. (2014). Renewable Energy Support Mechanism in Turkey: Financial Analysis and Recommendations to Policymakers. International Journal of Energy Economics and Policy, 4(2), 274–287. Retrieved from https://mail.econjournals.com/index.php/ijeep/article/view/777

Issue

Vol. 4 No. 2 (2014)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.