ENERJİ TÜREV ÜRÜNLERİ - TÜRKİYE ELEKTRİK PİYASASI ANALİZİ

Year 2022, Issue: 35, 17 - 30, 30.04.2022

Çiydem Çatak

https://doi.org/10.18092/ulikidince.930399

Abstract

Finansal piyasalardaki yeni risk algısı ile beraber türev ürünlerin kullanımı artmıştır. Özellikle enerji fiyatlarındaki dalgalanmalardan kaynaklanan risklerin azaltılmasına hizmet eden enerji türevleri dünya çapında ve son zamanlarda da Türkiye'de yaygın olarak kullanılmaktadır. Bu çalışmanın amacı, Türkiye elektrik piyasasında işlem gören baz yüklü vadeli işlem sözleşmelerinin gelişimini analiz ederek sınırlı literatüre katkı sağlamaktır. Kapsamlı bir literatür taramasına dayalı olarak, bu finansal araçların güçlü ve zayıf yönleri, fırsatları ve tehditleri SWOT analizi ile belirlenmiştir. Özellikle elektrik piyasasının köklü bir şekilde yeniden yapılandırılmasının ardından şeffaf, güvenilir ve rekabetçi bir yatırım ortamının yaratıldığı ve günümüzde elektrik vadeli işlem sözleşmelerinin piyasa katılımcılarının fiyat risklerini yönetmelerine veya korumalarına yardımcı olan en önemli sözleşmelerden biri olduğu sonucuna varılmıştır.

Keywords

Enerji Türev Ürünleri,, Elektrik Vadeli İşlem Sözleşmeleri, Baz Yük Elektrik Vadeli İşlem Sözleşmeleri

ENERGY DERIVATIVES- AN ANALYSIS OF THE TURKISH ELECTRICITY MARKET

Abstract

With the new risk perception in financial markets, the use of derivative instruments has increased. In particular, energy derivatives, which are used to reduce the risks associated with energy price fluctuations, have been widely used worldwide and recently in Turkey. The objective of this paper is to contribute to the limited literature by analyzing the evolution of base load futures contracts traded in the Turkish electricity market. Based on a comprehensive literature review, a SWOT analysis is conducted to identify the strengths, weaknesses, opportunities and threats of these financial instruments. It is concluded that, especially after the radical restructuring of the electricity market, a transparent, reliable and competitive investment environment has been created and electricity futures contracts are now one of the most important contracts that help market participants to manage or hedge electricity price risks.

Keywords

Energy Derivatives, Electricity Futures, Base Load Futures Contracts

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