October 12, 2018

ERRA Joint Meeting of the Licensing/Competition and Tariff/Pricing Committee
October 12, 2018, Belek, Antalya/Turkey

09:05 Innovation affecting regulation: an overview of new technological developments and potential future impacts
Overview of new technologies possibly affecting energy regulation; Regulatory roles and economic incentives for innovation
  • Okan Yardimci, Energy Expert, Energy Market Regulatory Authority, Turkey
  • Discussion

Meeting notes:

July 26, 2018

Springer, 2018

A book chapter by O. Yardımcı and Prof. Dr. M.B. Karan 
in the “Energy Economy, Finance and Geostrategy”

Bir bölümünü Prof. Dr. M.B. Karan ile kaleme aldığımız 
“Energy Economy, Finance and Geostrategy” isimli kitap



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Effectiveness of Regulation: An Investigation of the Turkish Natural Gas Distribution Market

Okan YARDIMCI [1] and Mehmet Baha KARAN [2]

Abstract
In this chapter, the effectiveness of regulation in the Turkish natural gas distribution sector is investigated by examining EMRA’s implementations and the performances of the companies. The analyses were taken into account mainly in the context of the effectiveness of regulation rather than in drawing conclusions with respect to economic paradigms, like market failure.  The important regulations with regard to the Turkish natural gas distribution sector were analyzed within the scope of the differences between the various planned and recognized situations. Thus, it was understood that some of the regulations did not produce effective results. Particularly the comparison between private and state-owned companies concerning their performances and R&D expenditures revealed the alienation experienced from the expected benefits of liberalization. The regulations to encourage sector development and cost reduction through R&Ds have not been properly implemented. The obtained results are considered as partially regulatory failure.
Keywords
Natural gas, distribution, natural monopoly, effective regulation, regulatory failure



[1] O. Yardımcı
Energy Expert, Energy Market Regulatory Authority; Part-Time Instructor, Middle East Technical University

[2] M.B. Karan
Professor of Finance, Department of Business Administration, Hacettepe University, Turkey


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July 15, 2018

Southwestern University of Finance and Economics, Chengdu, China
Global Academy
July 2018

New Trends in the Energy Sector



Southwestern University of Finance and Economics, Chengdu, China
Summer School
2-13 July 2018

Department of Business Administration, 
Undergraduate Elective Course: OPT-212: Oil and Gas Law




June 15, 2018

2017-2018 Academic Year

I wish you all good luck! 🍀


Middle East Technical University, Department of Petroleum and Natural Gas Engineering, Undergraduate Must Course: PETE-411, Petroleum Property Valuation, Fall Semester

Bilkent University, MA Program in Energy Economics, Policy & Security, Graduate Elective Course: EEPS-513, Oil and Gas Law, Graduate Elective Course: EEPS-526, Economics of Regulation and Financing of Energy Investments, Fall Semester


Bilkent University, Department of International Relations, Undergraduate Elective Course: IR-4129: Oil and Gas Law, Spring Semester


Hacettepe University, Faculty of Law, Graduate Elective Course: EEH-632: Basic Concepts of Energy Economics, Financing of Energy Investments and Economics of RegulationSpring Semester

January 19, 2018

ODTÜ Petrol ve Doğal Gaz Mühendisliği Bölümünün 50. Yılı
19 Ocak 2018, Ankara

14:00 – 15: 00 Panel: Petrol Mühendisliği Eğitimi: Dün – Bugün – Yarın
·       Prof Dr M Tanju Mehmetoğlu (ODTÜ) Moderatör
·       Prof Dr Abdurrahman Satman (İTÜ)
·       Doç Dr Hakkı Gücüyener (GEOS)
·       Mehmet Kul (PMO)
·       Dr Okan Yardımcı (EPDK)



November 1, 2017

Kapasite Piyasası Nedir / Ne Değildir?

Dr. Okan YARDIMCI

Kasım 2017

Türkiye elektrik piyasasında, sadece enerjiden oluşan piyasa (energy-only market) modeli terk ediliyor. Sadece enerjiden oluşan piyasa modelinde, üretim kapasitesinin emre amade durma maliyeti, elektrik fiyatının içerisinde yer almaktadır. Önümüzdeki dönemde ülkemiz elektrik piyasasına, kapasite mekanizması adında karmaşık bir yapı entegre edilecek. Bu yazıda kapasite mekanizmasını kısaca inceleyeceğiz.


October 7, 2017

Çapa Etkisi Testi, Petrol Kontratları:
WTI Petrol’ün Ocak Ayı Kontratı Sizce Dün Ne Kadar Fiyattan İşlem Gördü?

(Anchoring Effect Experiment: Oil Contracts)


Çapa etkisi (ing: anchoring effect), insan beyninin ilk duyduğu ya da gördüğü rakama takılması (çapa atması) dolayısıyla oluşan önyargı yanılması (ing: bias) şeklinde tanımlanabilir. Davranışsal finans alanında çalışanlar bu yanılgıya aşinadırlar. Mağazalarda ya da reklam panolarında bu tarz çapalarla sıklıkla karşılaşırız. Fiyatı 1000 TL’den 400 TL’ye düşen ceket, fiyatı 450 TL’den 400 TL’ye düşen aynı cekete nazaran daha çok ilgimizi çekebilir. Bu yanılgıya asla düşmem demeyin, çünkü hayatımızda karşımıza çıkan bu çapalardan farkında olmadan etkilenebiliyoruz.

Geçtiğimiz günlerde iki farklı sınıfta iki soruyla çapa etkisi testi yaptık:

August 9, 2017

July 1, 2017

May 16, 2017

6th Multinational Energy and Value Conference
18-20 May 2017
Guzelyurt, Turkish Republic of Northern Cyprus

Effectiveness of Regulation: An Investigation of the Turkish Natural Gas Distribution Market
Dr. Okan YARDIMCI


April 6, 2017

Karadeniz Teknik Üniversitesi
1. Teknoloji Zirvesi
3-6 Nisan 2017
Of, Trabzon, Türkiye


4 Nisan 2017
Enerjiye Dair Kısa Notlar...
Dr. Okan YARDIMCI





April 5, 2017

January 30, 2017

The Weighted Cost of Capital (WACC) for the Turkish Regulated Energy Markets
(Türkiye'de Düzenlenen Enerji Sektörlerinde Ağırlıklı Ortalama Sermaye Maliyeti (AOSM))


August 12, 2016

Nord Pool At A Glance 
ELSPOT Day-Ahead Market, N2EX Day-Ahead Market, Nord Pool Spot (Intraday) Market 

Dr. Okan YARDIMCI
August 2016

The information provided in this document is intended for informational purposes only and is subject to change.

ELSPOT Day-Ahead Market

Region: The Nordic and Baltic
Authorized by: Nord Pool is authorized by Norwegian Water Resources and Energy Directorate to organize and operate the Physical Markets
Number of members: 324 (as of 2016)

July 9, 2016

2nd Eurasia Energy Summer School
10-14 July 2016
Izmir, Turkey


11 July 2016 
Regulation in Energy Industries and Tariff Setting
Dr. Okan YARDIMCI