Testing the Factors Affecting Intraday Market Electricity Prices by Connectedness Approach

Yıl 2023, Cilt: 31 Sayı: 57, 179 - 194, 26.07.2023

Arif Arifoğlu , Halilibrahim Gökgöz , Tuğrul Kandemir

https://doi.org/10.17233/sosyoekonomi.2023.03.09

Cited By: 1

Öz

This study aims to dynamically analyse the relationship between intraday market electricity prices and day-ahead market electricity prices and the amount of electricity generated based on the primary energy resource in Turkey. In this context, the data set consisting of electricity prices in the day-ahead market, electricity prices in the day-ahead market, and electricity generation amount based on primary energy resources, covering the period from 1 January 2018 to 19 June 2022, was analysed with TVP-VAR. Findings reveal that the relationship between variables changes over time and is affected by global events. Furthermore, it has been determined that the intraday market has moved from a general receiver of volatility to a general transmitter in the post-Covid 19 period.

Anahtar Kelimeler

Intraday Market, Electricity Price, Connectedness

Gün İçi Piyasası Elektrik Fiyatlarını Etkileyen Faktörlerin Bağlantılılık Yaklaşımı ile Test Edilmesi

Öz

Bu çalışma, Türkiye'de birincil enerji kaynağına dayalı olarak üretilen elektrik miktarı ve gün içi piyasası elektrik fiyatları ile gün öncesi piyasası elektrik fiyatları arasındaki ilişkiyi dinamik olarak analiz etmeyi amaçlamaktadır. Bu kapsamda, 1 Ocak 2018-19 Haziran 2022 dönemini kapsayan, gün içi piyasası elektrik fiyatları, gün öncesi piyasası elektrik fiyatları ve birincil enerji kaynaklarına dayalı elektrik üretim miktarından oluşan veri seti TVP-VAR ile analiz edilmiştir. Bulgular, değişkenler arasındaki ilişkinin zaman içinde değiştiğini ve küresel olaylardan etkilendiğini ortaya koymaktadır. Ayrıca Covid 19 sonrası dönemde gün içi piyasasının volatilitenin genel alıcısı konumundan genel yayıcısı konumuna geçtiği tespit edilmiştir.

Anahtar Kelimeler

Gün İçi Piyasası, Elektrik Fiyatı, Bağlantılılık

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