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Turkey to start tests for intra-day market in September

28 Aug 2012 16:51:06 | edem

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Tests on the Turkish electricity Intra-day market are expected to start as early as the end of September, according to a source close to market operator PMUM.

The much-anticipated platform will allow participants with intermittent generation, such as renewables, or inflexible consumption to balance their portfolios on a continuous hourly basis (see EDEM 8 December 2011).

"Tests will start at the end of September, but the market itself will become fully operational from next year," the source told ICIS.

He said the platform would be operated by PMUM in a first phase, but its activities may be transferred to cross-commodity exchange EPIA┼×, which is expected to take over from PMUM when it launches next year (see EDEM 23 January 2012).

"The rules of the intra-day market will be the same as everywhere else on European markets, people will have to pay a fee to join and balance their portfolio on a continuous basis. This means they can now take advantage of arbitrage opportunities between the Day-ahead market and the intra-day market rather than the balancing market as they did before," he said.

He added that Turkish grid operator TEIA┼× had drafted the necessary rules that need to be put in place for the operation of the intra-day market, but added that the regulations would have to be discussed and approved by regulator EMRA.

The launch of the intra-day platform is part of wider plans by the Turkish electricity sector to liberalise its market and to whip up liquidity. AS

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