| MW: Mega Watt (=1,000,000 watt) |
| kW: Kilo Watt (=1,000 watt) |
| kWh: Kilo Watt/hour |
| GWh: Giga watt/hour |
| EBITDA: Earnings before interest, taxes depreciation and amortization |
| SPP: Solar Power Plant |
| WEPP: Wind Energy Power Plant |
| HEPP: Hydro Electrical Power Plant |
| RER: Renewable Energy Resources |
| TETC (Turkey Electricity Transmission Corporation): Responsible organization for operating the electricity transmission system |
| EPİAŞ (Enerji Piyasaları İşletme A.Ş.): Market operator providing services for Day-Ahead and Intraday spot electricity markets, Spot Natural Gas Market, Futures Electricity Market, Futures Natural Gas Market, and the Renewable Energy Resource Guarantee System and Market. |
| EMRA (Energy Market Regulatory Authority): Regulatory authority overseeing the energy market in Turkey |
| Power Capacity: Maximum production capacity of a facility |
| Unit Price: The price set per unit of electrical energy |
| Spot Market: The market where real-time electricity buying and selling take place |
| Bilateral Agreements: Commercial agreements that are not subject to the approval of the EMRA 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 |
| 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 |
| Renewable Energy: Type of energy generated by continuous, natural processes These resources are sun, wind, rivers, biological processes and geothermal. |
