ISTANBUL, April 18, 2013 /PRNewswire/ --
EMART Turkey 2013 gathers energy traders in Istanbul in May
"Small but concrete steps and coordination between different markets will help us to establish the liberalized markets", says Arkin Akbay, Director Power and Gas Group in Turcas, whilst stressing that "communication is the key for success".
Now that the general framework for the future energy market in Turkey has been defined, key stakeholders in the Turkish energy trading space are sharing their expectations for the Turkish energy market.
Tobias Paulun, Director Strategy and Market Development of EEX, expects the market to now focus on the implementation of the energy exchange. To attract growing liquidity and to establish a trusted and reliable reference price for power, close coordination between physical and financial energy trading is needed. For this, an independent governance of the new market place with sufficient involvement of private players and market participants will be of great importance.
Details of the structure of the exchange should be defined in a secondary legislation which is to be drafted during the next months.
Bakatjan Sandalkhan, Vice President of RWE Turkey, emphasizes that this secondary legislation, needs to be sufficiently attractive to private market participants. "Hence, I am expecting extensive consultations between industry bodies and EMRA on this. Regarding the trading platforms, the sequence should not be forgotten; i) a functional and liquid spot market needs, ii) physical derivatives and then iii) financial derivatives. This is the general evolution, as also experienced in many other countries and the same sequence should be expected in Turkey."
According to Mr Sandalkhan it is essential to have a sound energy exchange first which he considers a huge project.
Liberalising the gas market
One of the sessions at EMART Turkey will address gas trading opportunities within Turkey and neighbouring countries. "Depending on the current generation portfolio of Turkey, liberalised gas markets should be an integral part of the power markets", says Arkin Akbay. "The Gas Markets Law 4646 shall follow the establishment of EPIAS. The bundling of physical (Day-Ahead, Intraday, Balancing and Settlement) power and gas markets under EPIAS will create mutual benefit for power and gas market players."
Mr Akbay, Mr Sandalkhan and Mr Paulun will be speaking at EMART Turkey. Other esteemed speakers at the conference in Istanbul will be:
Fatih Baltaci CEO Akfel Ahmet Danisman CEO Akenerji M.Arif Özozan CEO GAMA Enerji a.s. Kaan Haliscelik Head of Turkish Power Trading Danske Commodities Levent Ozcan Caner Head of Department Ministry of Energy Murat KirazlI Head of Energy Trading Limak Enerji Oytun AlIcI Energy Expert Energy Market Regulatory Authority (EMRA) Nezir Ay Director Electricity Market Operator - EPID (PMUM) Serkan Bayraktar Energy Broker Tradition Jan Haizmann Member of the EFET Board EFET Orhan Duran Chairman of the Board PETFORM
As Burak Guler, EFET Market Coordinator states: "EMART Turkey will be a great meeting place to pave the future of energy trading in Turkey".
Event dates and location:
Pre-conference legal workshop: 20 May
Conference: 21-22 May
Istanbul Hilton, Istanbul, Turkey
Event website: http://www.emart-turkey.com
SOURCE Synergy B.V.