TR

Glossary

KIBTEK: Cyprus Turkish Electricity Company
MW: Mega Watt (=1,000,000 watt)
kW: Kilo Watt (=1,000 watt)
kWh: Kilo Watt/hour
GWh: Giga watt/hour
FAVÖK (EBITDA): Earnings before interest, taxes depreciation and amortization
WEPP: Wind Energy Power Plant
HEPP: Hydro electrical Power Plant
RER: Renewable Energy Resources
HFO: Fuel Oil Power Plant
EPDK: Energy Markets Regulatory Authority
Distribution Area: Defined in the license of a distribution company
Distribution Company: Legal Entity that deals with distribution of electrical power in the specified region
Bilateral Agreements: Commercial agreements that are not subject to the approval of the Board and made in order to trade electrical power and/or capacity according to the special legal provisions in between real or legal persons and licensed legal persons or among licensed legal persons.
Market Financial Settlement Center: According to the related regulations and within TEİAŞ, unit that operates financial settlement system by calculating payables and receivables of legal persons as a result of real time physical balancing of electrical energy supply and demand by National Load Distribution Center.
Eligible Consumer: Real or legal person free to choose the supplier as directly connected to the transmission system or consuming more than electrical energy amount determined by Energy Market Regulatory Authority (EPDK).
Supplier: Production companies, auto producers, auto producer groups, wholesale companies, retail sale companies, retail sale licensed distribution companies that provide electrical power and /or capacity to its customers.
Consumer: Dependent or independent consumers that but electricity for own needs.
OECD: Organization for Economic Cooperation and Development
BOYP: Market Financial Settlement Center
EUROELECTRIC: The Union of the Electricity Industry-Euroelectric
Renewable Energy: Type of energy generated by continuous, natural processes These resources are sun, wind, rivers, biological processes and geothermal.
Framework Convention: It is economic structuring formed under 1960 Paris Agreement. Turkey is one of 34 member countries. According to the related regulations and within TEİAŞ, unit that operates financial settlement system by calculating payables and receivables of legal persons as a result of real time physical balancing of electrical energy supply and demand by National Load Distribution Center. Real or legal person free to choose the supplier as directly connected to the transmission system or consuming more than electrical energy amount determined by Energy Market Regulatory Authority (EPDK).