Turkish Power Market Monthly Report (June 2012) - Hydropower ...

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4.1. Price Sub Groups on the Turkish DAMIn Figure 4, we use PMUM data to group June’s hourly prices in four price bands.Based on our analysis, prices below 3 US c/kWh were only recorded during off-peakand shoulder-peak hours, and accounted for the smallest share of the four bands.Prices between 3-6 US c/kWh were recorded in all hours but mostly contributed to offpeakhours. Prices between 6-9 US c/kWh accounted for the largest share of marketvolume. Sales in this price band mostly occurred during working hours and had asignificantly higher share of total volume. Prices above 9 US c/kWh demonstrated thesecond largest share of the four price bands, and were recorded solely during shoulderpeakand peak hours.Figure 4. Distribution of Price Ranges, June 201280%70%60%50%40%30%20%10%0%0 to 3 US c/kWh 3 to 6 US c/kWh 6 to 9 US c/kWh More than 9 US c/kWhBelow 3 US c/kWh. The total number of hours when prices were below 3 US c/kWhwas only 33 out of a total 720 hours under study. This price range was recorded duringoff-peak and shoulder-peak hours where the main contributor was off-peak hours with31 hours in that price range.3 to 6 US c/kWh. The number of hours electricity traded in this range was 88. This priceband was recorded within 24 hours however the main contributor in this range was theoff-peak period when prices between 3 to 6 US c/kWh were recorded 76 times. Thenumber of hours when prices for shoulder-peak and peak periods were recorded were 9and 3, respectively.6 to 9 US c/kWh. Prices in this band accounted for 329 hours during June 2012, 73 ofwhich occurred during off-peak, 102 during shoulder-peak, and 154 during peak hours.It was the largest contributor in the price bands.9 | P a g e
US c/kWhPercet of TimeOver 9 US c/kWh. There were 270 hours in this price band. This price range had thesecond largest share of the four price ranges. During off-peak hours this price band wasnot recorded. Consequently, the total numbers of peak and shoulder-peak hours in thisprice band were 135 and 135, respectively.Overall, shoulder-peak and peak prices were dominant during the examined period.Figure 5 provides distribution of price bands for the period under study.Figure 5. Distribution by Price Range, June 201250%45.69%45%40%37.50%35%30%25%20%15%12.22%10%4.58%5%0%0 to 3US c/kWh3 to 6US c/kWh6 to 9US c/kWhMore than 9US c/kWh4.2. Price Curve Dynamics by Week-DaysFigure 6 shows that maximum and average electricity prices are high during weekdays,while electricity prices decrease during weekends, as electricity demand softens.Figure 6. Price Dynamics by Weekdays, June 20121211109876543210Mon Tue Wed Thu Fri Sat SunMinimum Average Maximum10 | P a g e
Page 1 and 2: Hydropower InvestmentPromotion Proj
Page 3 and 4: This document was prepared by:Autho
Page 5 and 6: Acronyms Used in this ReportCPIDAME
Page 7 and 8: 1. IntroductionIn early 2011, the U
Page 9 and 10: 8-10% increase in electricity deman
Page 11 and 12: 4. Analysis of Turkish DAM Activiti
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Page 17 and 18: GWhPercent of TimePercentFigure 8.
Page 19 and 20: AppendixSource materials used in th

Turkish Power Market Monthly Report (June 2012) - Hydropower ...

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