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.

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.

Balancing Group

It is the group formed by market participants upon informing the Market Operator, where a market participant within the group assumes balancing responsibilities on behalf of the group.

Balancing Party

It is the market participant who, on behalf of the balancing group, assumes the financial responsibility towards the Market Operator regarding the energy imbalance of the balancing group, or a market participant who is not part of a balancing group.

Balancing Energy Market

It is the organized wholesale electricity market operated by the system operator, where the reserve capacity, which is obtained through the output power change that can be done within 15 minutes, is purchased and sold, in order to balance the supply and demand in real time.

Balancing Mechanism

It refers to the activities comprised of day-ahead balancing and real-time balancing, which supplement bilateral agreements.

Balancing

It refers to the activities carried out to balance the supply and demand for electrical energy.

EIC

It is the energy identification coding system, for which the creation procedures and principles are determined by ENTSO-E and announced on its official website, and which is used in all countries affiliated with ENTSO-E.

Electricity Market Law

It covers the electricity generation, transmission, distribution, wholesale or retail sales, import and export and market operation, as well as the rights and responsibilities of all natural persons and legal entities involved in such activities.

Electricity Market Law

It covers the electricity generation, transmission, distribution, wholesale or retail sales, import and export and market operation, as well as the rights and responsibilities of all natural persons and legal entities involved in such activities.

Electrical Energy Fund

It is the amount that accrues as 0.7% on the retail energy price as per Law No. 3291.

ENTSO-E

European Network of Transmission System Operators for Electricity.

EPDK

Energy Market Regulatory Authority.

Flexible Sales Proposal

It is a proposal which is offered for the next day by market participants who participate in the day-ahead balancing activities, which is not associated with a specific time and is for the sales of hourly active electrical energy.

Matching

In a proposal area or an area comprising certain proposal areas, it is the process of assessing all proposals submitted to the day-ahead market for the proposal areas in the relevant area.

Billing Period Dependent on Payment Notice

It defines the period for which the consumption was measured for the relevant bill. Billing period is determined by the parties in the bilateral agreement. Otherwise, billing period will be the same as the reading period.