Turkey's spot elect. market trade volume in 2019 up 17%

By Firdevs Yuksel

ANKARA (AA) - Turkey's day-ahead spot electricity market's trade volume increased year-on-year by 17.17% in 2019, according to data provided by Turkey's Energy Exchange Istanbul (EXIST) on Monday.

The trade volume in the day-ahead spot electricity market, which EXIST has operated since 2015, registered at 40.85 billion Turkish liras in 2019 compared to 34.86 billion liras in 2018.

EXIST reported a transaction of 152.11 terawatt-hours in the day-ahead market in 2019.

The highest trade volume on a daily basis was recorded on July 9, 2019 at 176.49 million liras, while the lowest occurred on May 5, 2019 with 7.53 million liras.

Last year, the average electricity rate for one-megawatt hour in the day-ahead spot market was calculated as 260.32 liras.

On a monthly basis in 2019, the average number of participants in the day-ahead market totaled 771.

Turkey's energy exchange company, which is responsible for managing and operating energy markets, including power and gas commodities provides counter-party guarantees in its transactions while ensuring equal access to all market participants.