Energy Glossary

Energy Terms Glossary

You can read the terms more easily with the glossary we created for the descriptions and use areas of energy terms, as well as the calculation methods.

Active Energy

It is the electrical energy obtained by multiplying active power by time. Measurement unit is kWh.

Intermediary Bank

It is the bank used by market participants to carry out advance and bill payment processes.

Advance Payment

It is the payment made upon the advance payment notice sent without issuing a bill for the electrical energy traded the previous day within the scope of the day-ahead balancing and intra-day market.

Connection Point

It is the field or the contact point through which market participants and/or eligible consumers connect to the transmission or distribution system as per their connection agreements.

Selling Price per Unit

It is the selling unit price that the customer will pay for 1 kWh electrical energy provided by their supplier, excluding taxes, funds, expenses, etc.

Block Purchase Proposal

It is the active electrical energy purchase proposal made by market participants who participate in the day-ahead market, which applies to several consecutive hours of the next day and contains the average price and amount details for the time period it covers.

Block Sales Proposal

It is the active electrical energy sales proposal made by market participants who participate in the day-ahead market, which applies to several consecutive hours of the next day and contains the average price and amount details for the time period it covers.

BYTM

Regional Load Dispatch Center

Distribution Area

It is the area defined in a distribution license.

Legal Entity Holding a Distribution License

It refers to the distribution license holder Organized Industrial Zone legal entities and distribution license holder companies established as per the provisions of the Turkish Commercial Code No. 6762 dated 29/6/1956.

Distribution System Technical Loss

It is the technical energy loss on the distribution system, applied according to the provisions of the decision by the Energy Market Regulatory Authority (EPDK) with regard to coefficients of loss.

Distribution System Technical Loss

It refers to the electricity distribution facilities and the grid operated by a distribution company in the distribution area indicated on its license.

Distribution Company (EDAŞ)

It is the legal entity that distributes electricity in a designated area.

Distribution

It is the process of transmitting electrical energy through lines with voltage levels at or below 36 kV.

Valuation Ratio

It is the coefficient to be used in determining the TRY equivalent of non-cash guarantees requested from market participants. Energy Glossary