ELECTRICITY PRICES REMAINED UNCHANGED

For the 28th August – 3 September period, the average electricity demand decreased by 3% compared to the previous week due to the decrease in the weekly average temperature by 5.1%. Additionally, for the same period, the average wind generation increased by 59% compared to the 21st – 27th August period. Despite the above mentioned improvements which were expected to have a decreasing effect on the average electricity price, the weekly average DAMP for the 28th August – 3rd September period remained unchanged due to the decrease recorded for the average avaliable thermal power.

On Thursday, the 28th of August, due to the decrease in the electricity demand and the increase in the daily wind generation by 143% compared to the previous day, the DAMP decreased by 1.8% and realized at 187.47 TL/MWh level. On Friday, the 29th of August, due to the decrease in the average temperature, the electricity demand decreased by 2% compared to the previous day. On the same day, despite a decrease of 3.3% in the daily available thermal power, the DAMP decreased by 5.2% and realized at 177.78 TL/MWh level  due to the decreasing electrity demand and continuing increase in the daily wind generation.

On Friday, the SMP realized at 131.29 TL/MWh level, 46.48 TL/MWh below the DAMP level. This gap between SMP and DAMP is thought to be caused by the incorrect forecasts within the Day Ahead Market. On Saturday, 30th of August, as a consequence of the weekend and the continuing decrease in the temperatures, the electricity demand decreased by 8.4% compared to the previous day. In parallel with the contraction of the electricity demand, the DAMP decreased by 6.6% and realized at 166.04 TL/MWh level. Lower rate of decrease in the electricity price compared to the decrease rate of the electricity demand is thought to be led partially by the incorrect forecasts within the Day Ahead Market and partially by the decrease of the renewable generation on the same day.

On Sunday, the 31st of August, due to the decrease of the electrity demand by 7.7%, the DAMP decreased by 7.3% compared to the previous day and was recorded as 153.89 TL/MWh. Similar to the previous day, the electricty demand decrease rate is higher than the electricity price decrease rate. This situation is explained by the decrease both in the daily available thermal power and in the daily wind generation compared to the previous day. On Monday, the 1st of September, due to the increase of the electricity demand by 13.7%  and the decrease of the daily available thermal power by 2.5% compared to the previous day, the DAMP climbed up to 186.67 TL/MWh level compared to the previous day. On the same day, the SMP realized at 219.36 TL/MWh level, 32.70 TL/MWh above the DAMP level. This gap between DAMP and SMP is thought to be caused by the incorrect forecasts within the Day Ahead Market. On Tuesday, the 2nd of September, the daily wind generation decreased by 32.6% and the daily available thermal power increased by 1% compared to the previous day. On the same day, due to the increase in the electricity demand by 3.1%, the DAMP increased by 7.2% compared to the previous day and reached 200.03 TL/MWh level. On Wednesday, the 3rd of September, both electrity demand and the electricity price decreased, respectively by 0.4% and %2.7 compared to the previous day. Consequently the DAMP realized at 194.7 TL/MWh level.
The average electricity price for the 7-day period that runs between 28 August – 3 September realized as 180.94 TL/MWh, 0.1% below 21 – 27 August period average. For August, the average electricity price was recorded as 177.67 TL/MWh. This price level is 19.7% above the price level of the same period in the previous year which also includes the Ramadan Fest holiday in 2013.