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:

New Video Podcast: Innovation and Regulation

September 24, 2018

A new ERRA podcast is available by Okan YARDIMCI (Energy Expert, Energy Market Regulatory Authority, Turkey) an overview of new technologies possibly affecting energy regulation and Regulatory roles and economic incentives for innovation. 

For the entire audio recording of the presentation please visit: https://erranet.org/yardimci-innovation-and-regulation/

1st ERRA Educational Workshop

Innovation and Regulation

September 6-7, 2018, Budapest/Hungary

Overview of new technologies possibly affecting energy regulation; 

Regulatory roles and economic incentives for innovation

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

Order by Amazon or Springer

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

e-mail: oyardimci@epdk.org.tr

[2] M.B. Karan

Professor of Finance, Department of Business Administration, Hacettepe University, Turkey

e-mail: mbkaran@hacettepe.edu.tr

Order by Amazon or Springer

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

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 Regulation, Spring Semester

Kadir Has University

Center for Energy and Sustainable Development (CESD)

4 May 2018

Graduate Student Conference on Energy and Sustainable Development, Istanbul

• Bilkent's Energy Lectures
  Bilkent University, Energy Policy Research Center
  Ankara, Turkey
  
  
  
  

  Price Regulations in Energy Markets

  15 March 2018

  Dr. Okan YARDIMCI
  
  
  
  

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)

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.

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:

Natural Gas Consumption of Turkey According to Different Sources

 (Farklı Kaynaklara Göre Türkiye Doğal Gaz Tüketimi)

3rd Eurasia Energy Summer School

03-07 July 2017

Ankara, Turkey

Regulation in Energy Industries and Tariff Setting

Dr. Okan YARDIMCI

Summer School Web Page

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

Conference Web Page

Turkey's Oil and Gas Trade 2016

(Türkiye'nin 2016 Yılı Petrol ve Gaz Ticareti)

Karadeniz Teknik Üniversitesi

1. Teknoloji Zirvesi

3-6 Nisan 2017

Of, Trabzon, Türkiye

4 Nisan 2017

Enerjiye Dair Kısa Notlar...

Dr. Okan YARDIMCI

Number of Mentions at World Energy Outlook 2016

(Dünya Enerji Görünümü 2016 Raporunda Hangi Ülkeden Kaç Defa Bahsediliyor)

Turkey's Natural Gas Market 2016

(Türkiye Doğal Gaz Piyasası 2016)

Turkey Natural Gas Consumption

(Türkiye Doğal Gaz Tüketimi)

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

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)

2nd Eurasia Energy Summer School

10-14 July 2016

Izmir, Turkey

11 July 2016 

Regulation in Energy Industries and Tariff Setting

Dr. Okan YARDIMCI

Summer School Web Page