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Analysis of Electricity Price in the Turkish Domestic Energy Market

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dc.authorscopusid57188850584
dc.authorscopusid22433630600
dc.authorscopusid57188851958
dc.contributor.authorAyvaz, A.
dc.contributor.authorÖzgönenel, O.
dc.contributor.authorAyvaz, B.B.
dc.date.accessioned2020-06-21T13:51:07Z
dc.date.available2020-06-21T13:51:07Z
dc.date.issued2016
dc.departmentOndokuz Mayıs Üniversitesien_US
dc.department-temp[Ayvaz] Alisan, Department of Electrical and Electronic Engineering, Amasya Üniversitesi, Amasya, Turkey; [Özgönenel] Okan, Department of Electrical and Electronic Engineering, Ondokuz Mayis Üniversitesi, Samsun, Turkey; [Ayvaz] Birsen Boylu, Department of Electrical and Electronic Engineering, Amasya Üniversitesi, Amasya, Turkeyen_US
dc.description.abstractMarket participants across the variable electricity prices seek new ways to give an idea for operation planning in the future. Since the day-ahead market regulation met with Turkey's electricity market in 2011, electricity price forecasting has become a significant issue. Uncertainty in electricity prices caused investors to see pricing as a risk of economic loss. Therefore, the number of active participants in the market fell to about 60%. This paper aims to fit electricity price behavior to a statistical distribution in order to help market participants. We used a couple of statistical distribution functions in this study to determine electricity price behavior. The historical electricity price data were obtained from the website of PMUM, which consisted of hourly prices. Analyses were carried out for different intraday demand levels in different periods. The results indicated that the electricity price behavior best fits the GEV distribution in long-term analysis. © 2015 Chamber of Electrical Engineers of Turkey.en_US
dc.identifier.doi10.1109/ELECO.2015.7394574
dc.identifier.endpage549en_US
dc.identifier.isbn9786050107371
dc.identifier.scopus2-s2.0-84963891928
dc.identifier.startpage546en_US
dc.identifier.urihttps://doi.org/10.1109/ELECO.2015.7394574
dc.identifier.urihttps://hdl.handle.net/20.500.12712/14589
dc.identifier.wosWOS:000380410800099
dc.language.isoenen_US
dc.publisherInstitute of Electrical and Electronics Engineers Inc.en_US
dc.relation.ispartof-- 9th International Conference on Electrical and Electronics Engineering, ELECO 2015 -- 2015-11-26 through 2015-11-28 -- Bursa -- 119202en_US
dc.relation.journal2015 9Th International Conference on Electrical and Electronics Engineering (Eleco)en_US
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.titleAnalysis of Electricity Price in the Turkish Domestic Energy Marketen_US
dc.typeConference Objecten_US
dspace.entity.typePublication

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