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:

The first item on the Agenda was an overall presentation of Mr. Okan Yardimci, Energy Expert, Energy Market Regulatory Authority, Turkey: Overview of new technologies possibly affecting energy regulation; Regulatory roles and economic incentives for innovation. First, he set the scene by introducing promising technologies related to energy efficiency, power generation, future ambitious plans, such as solar roads; then pointed at the (sometimes lacking) regulatory knowledge and related global climate goals. Then he took a closer look at renewables, solar cell efficiency and compared rooftop with utility solar. He spoke about the expected development and goal of smart grids and smart metering; electric vs. hybrid cars and energy storage. Following this he provided an analytical approach to innovation, especially the market failures and how to overcome them. Regulatory roles were also introduced, its positive or negative effects on innovation. Mr. Yardimci described competition and regulation concepts
in modern economic systems and it was discussed whether competition or monopole power is better for promoting technical progress. It was said that regulators should focus more on shortening the duration of innovation while regulating the natural monopole market/activity/segment and on companies’ return (incentive) while regulating the competitive market/activity/segment.
After this he talked about tariff setting as a best tool in the hands of regulators and called the attention for the importance of incentivizing utilities, also efficiency and service quality in order to increase social welfare. Then he introduced experience curves, that make it possible to answer the question: how much support a technology needs to become competitive and how much of this support has to come from government budgets. Future prospects were demonstrated as well, including uncertainties. Finally, he talked about patent right, data, privacy and emerging technologies. The presentation was enriched with live polls and videos.

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