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

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Author Biography

Mustafa GOZEN

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

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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://econjournals.com/index.php/ijeep/article/view/777

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Articles