TURKISH POWER MARKET

Transkript

1 TURKISH POWER MARKET Yeşim Akcollu Turkish Competition Authority Lead Energy & Competition Specialist 6th Emerging Europe Energy Summit November 4-5, 2010, İstanbul

2 Contents Structure of the Turkish Power Market Legal Background for Liberalization and Privatization of Electricity Companies / Assets Privatization Efforts Major Competitive Concerns in the Electricity Market Recommendations 2

3 Legal unbundling has been gradually achieved in the Turkish power market 3

4 Installed Capacity (MW) as of September 2010

5 Installed Capacity Based on Ownership (%) Total Installed Capacity= 46,455 MW BO %13,13 EÜAŞ %52,09 IPP %20,81 Autoproducers %6,75 BOT %5,25 TOOR %1,40 Mobile %0,57 Source: EUAS 5

6 Power Generation Based on Ownership (GWh) as of September 2010 TOOR 3,281.4 BOT 10,177.6 Autoproducers 10,563.8 IPP 27,345.2 EÜAŞ 72,787.4 Total Generation = 157,776 GWh BO 33,620.3 Source: EUAS 6

7 Installed Capacity by Fuel Type (%) Geothermal Asphaltite Coal Wind Liquid Fuels Imported Coal Other Lignite Natural Gas Hydro Source: EUAS 7

8 Power Generation by Fuel Type (%) Other Asphaltite Geothermal Coal Wind Liquid Fuels Imported Coal Lignite Hydro Natural Gas Source: EUAS 8

9 Electricity Demand (GWh, ) Source: EUAS 9

10 Projection of Electricity Demand vs Installed Capacity Existing Under construction Demand Source: EMRA 10

11 Legal Backgorund for Liberalization & Privatization of Turkish Electricity Market Electricity Market Law No.4628 (March 2001) Strateji Paper-I ( Strategy Paper on the Electricity Sector Reform and Privatization, March 2004) Strateji Paper -II ( Strategy Paper on the Electricity Sector and the Supply Security, May 2009) New draft law 11

12 Privatization Efforts in Generation Description Outcome 1 ADÜAŞ 141 MW Privatized in Small Hydro Power Plants 19 portfolios composed of 52 small hydro power plants (Total= 142 MW) Tender announcement: Dec 2009 Total of 615 bids Approval of the tenders: 26August Thermal Power Plants 4 thermal power plants are to be privatized initially (Total= 3,227 MW) 4 Generation Portfolios 9 portfolios composed of 13 thermal and 27 hydro power plants (Between 356 MW and 2,795 MW each) 3 * all thermal portfolios 2 * thermal/hydro portfolios 4 * hydro portfolios Source: PA 12

13 Ambarlı F.Oil 630 MW Ambarlı D.Gaz 1351 MW Orhaneli 210 MW Bursa D.Gaz 1432 MW Tunçbilek 365 MW Demirköprü 69 MW Aliağa 180 MW Kemer 48 MW Yeniköy 420 MW Kemerköy 630 MW Yatağan 630 MW 3 B. Menderes Privatization Efforts in Generation Yenice 38 MW 2 Gediz Aksu Sarıyar 160 MW Kesikköprü 76 MW Gökçekaya 278 MW 4 5 Sakarya Çatalağzı 300 MW 3 Göksu - Ermenek Kapulukaya 54 MW Hasan Uğurlu 500 MW Suat Uğurlu 69 MW Derbent 56 MW Altınkaya 703 MW 6 Kızılırmak Seyhan Ceyhan Yeşilırmak 8 3 Almus 27 MW Köklüce 90 MW 7 1 Fırat Çamlıgöze 32 MW Kılıçkaya 120 MW Harşit Çayı 9 Peri Çayı Kangal 457 MW Doğankent 75 MW Kürtün 85 MW Özlüce 170 MW Tortum 26 MW Harşit 75 MW Adıgüzel 62 MW Karacaören-1 32 MW Gezende 159 MW Hirfanlı 128 MW Menzelet 124 MW Karkamış 189 MW A. Elbistan A 1355 MW A. Elbistan B 1440 MW Çatalan 169 MW Aslantaş 138 MW Source: PA Termik Santraller Hidroelektrik Portföy Grupları x Portföy Numarası Santraller 13

14 Privatization Efforts in Distribution Distribution Companies/Assets Privatized Companies Başkent Sakarya Meram Osmangazi Uludağ Çamlıbel Çoruh Aydın- Denizli- Muğla * Kayseri * Waiting Approval Yeşilırmak Aras Van Gölü Fırat Boğaziçi Gediz Trakya Dicle Göksu * In the Tender Process Toroslar Ayedaş Akdeniz Total Privatization Model Block sale of the distribution companies TOOR of the distribution assets for 30 years. Distribution assets are owned by TEDAS. 14

15 Privatization Efforts in Distribution Trakya Boğaziçi Ayedaş Uludağ Sakarya Başkent Yeşilırmak Çamlıbel Çoruh Aras 1 Gediz Osmangazi Kcetaş Fırat Van Gölü Meram Menderes 2 Akdeniz Göksu 3 Dicle Toroslar Transferred to the private sector Tender competed, awaiting approval Privatization tender announced Source: PA 15

16 Major Competitive Concerns in the Turkish Electricity Market Unbundling Market Openness Third Party Access (TPA) Regulation of tariffs Cooperation Between TCA and EMRA/Privatization Agency (PA) 16

17 Major Competitive Concerns in the Turkish Electricity Market Unbundling in the Turkish Electricity Markets Decisions of Turkish Competition Board Privatization of TEDAŞ (2005) Privatization of Aydem (May 2008) => Amendments in Law No: 4628 (June 2008) and Strategy Paper-II: Till , distribution is to be legally unbundled from generation/retail activities. 17

18 Major Competitive Concerns in the Turkish Electricity Market Market Openness Threshold for the eligible customer: KWh Target: By the end of 2011: All customers but households Till 2015: All customers (Strategy Paper-II) 18

19 Major Competitive Concerns in the Turkish Electricity Market Distribution Tariff Law No: 4628 Cost based pricing mechanism Amendments in 2006 & 2008 and Strategy Papers => national tariff till the end of transitory period 19

20 Major Competitive Concerns in the Turkish Electricity Market Third Party Access (TPA) Ex-ante measures by EMRA Ex-post measures by Competition Authority (i.e. CEAS case) 20

21 Major Competitive Concerns in the Turkish Electricity Market Cooperation Between TCA and PA Communique 1998/1 Pre-tender opinion of the TCA Post-tender authorization TCA, mainly, takes into account Evaluation of concentration in the market Vertical integration Convergence of two or more utilites (eg. gas and electricity) 21

22 Major Competitive Concerns in the Turkish Electricity Market Cooperation Between TCA and EMRA A protocol for the Sectoral cooperation and Information flow between the two authorities It is in the making. 22

23 Recommendations Privatization efforts should keep its pace. As planned, by the beginning of 2013, Cost based pricing mechanism in electricity distribution should be in place. Lost/theft ratio should be decreased. Legal unbundling of the distribution activities should be realized. Protocol for the cooperation between TCA and EMRA should be concluded soon. 23