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Renewables to become accessible to all in Turkey with YEK-G System

Goals include expanding use of renewable power and consumption, and raising environmental awareness, says Dep. Energy Min.

Renewable energy will become accessible to all with the Renewable Energy Guarantees of Origin (YEK-G) System developed by Turkey’s energy exchange (EXIST) using blockchain technology.

The opening ceremony of the YEK-G System and the Organized YEK-G Market will be held on June 21. These initiatives will provide both large-scale organizations and individual consumers with proof of origin of power generated from renewable energy sources.

Turkey’s Deputy Energy and Natural Resources Minister, Abdullah Tancan, told Anadolu Agency in an exclusive interview that in recent years the governments around the world have been supporting more environmentally aware policies to encourage the use of renewable energy, reduce carbon emissions, and support investments in these energy resources.

“Today, 53% of our country’s installed power of approximately 98,000 megawatts consists of renewable resources, while 43% of our country’s electricity production in 2020 has been provided from renewable resources. We rank fifth in Europe and 12th in the world in terms of renewable electricity installed power,” he said.

To promote awareness of renewables as an increasingly important source of power in the country, EXIST commissioned the YEK-G System and the Organized YEK-G Market on June 1 to accredit the production and consumption of renewable energy resources.

“Our goals include expanding the use of electricity produced and consumed, creating a new source for our industry, raising environmental awareness and reminding ourselves that we have a responsibility to future generations,” he said.

The YEK-G System, in addition to documenting the use of renewable energy sources for electricity production and consumption at all stages in the sustainability reports of the power supply and distribution companies, will allow consumers to choose the source of energy they buy.

According to EXIST, participation in the system will be on a voluntary basis.

Each 1 megawatt-hour of renewable energy supplied to the network by the licensed generation facilities in the system will be recorded and documented.

Through the YEK-G renewable energy accreditation, in the form of an identity card, the energy of final consumers will show any renewable energy used.

Thanks to the YEK-G System, producers will be able to increase the use of renewable energy resources for electricity generation and consumption.

The system will ensure that supply and distribution companies will be able to verify renewable energy in their portfolio within the scope of their obligations.

Consumers, likewise, will be able to obtain information about the energy sources they purchase with the option to choose renewables to contribute to environmental protection.

Source: Anadolu Agency

ELECTRICITY MARKET ANNOUNCEMENTS

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Date Title Category
07.03.2023 February 2023 Organized YEK-G Settlement Notice Announcements Electricity Environmental Market
03.03.2023 Requests of Non-Registered or Outdated Metering Points for April 2023 Period Eligible Consumer
24.02.2023 About Publishing Final Eligible Customer Lists for March 2023 and The beginning of April 2023 Request Period Eligible Consumer
17.02.2023 About Publishing Eligible Customer Activity in March 2023 Eligible Consumer
15.02.2023 January 2023 Electricity Market Settlement Notice Announcements Electricity Kayıt ve Uzlaştırma Market
14.02.2023 January 2023 Ancillary Services Market Settlement Notice Announcements Electricity Market Registration and Settlement
13.02.2023 EPİAŞ Help Desk Planned Maintenance Announcements Market System Uncategorized
07.02.2023 January 2023 Organized YEK-G Settlement Notice Announcements Electricity Environmental Market
03.02.2023 Requests of Non-Registered or Outdated Metering Points for March 2023 Period Eligible Consumer
26.01.2023 About Publishing Final Eligible Customer Lists for February 2023 and The beginning of March 2023 Request Period Eligible Consumer
19.01.2023 About Publishing Eligible Customer Activity in February 2023 Eligible Consumer
17.01.2023 Requests of Non-Registered or Outdated Metering Points for February 2023 Period Eligible Consumer
16.01.2023 December 2022 Electricity Market Settlement Notice Announcements Electricity Market Registration and Settlement
16.01.2023 December 2022 Ancillary Services Market Settlement Notice Announcements Electricity Market Registration and Settlement
06.01.2023 December 2022 Organized YEK-G Settlement Notice Announcements Electricity Environmental Market
05.01.2023 Requests of Non-Registered or Outdated Metering Points for February 2023 Period Eligible Consumer
24.12.2022 About Publishing Final Eligible Customer Lists for January 2023 and The beginning of February 2023 Request Period Eligible Consumer
20.12.2022 Regional Seasonality Coefficients (January – June 2023) Collateral Electricity Uncategorized
19.12.2022 About Publishing Eligible Customer Activity in January 2023 Eligible Consumer
16.12.2022 Requests of Non-Registered or Outdated Metering Points for January 2023 Period Eligible Consumer
15.12.2022 November 2022 Electricity Market Settlement Notice Announcements Electricity Kayıt ve Uzlaştırma Uncategorized
14.12.2022 November 2022 Ancillary Services Market Settlement Notice Announcements Electricity Market Registration and Settlement
07.12.2022 November 2022 Organized YEK-G Settlement Notice Announcements Electricity Environmental Market
05.12.2022 Requests of Non-Registered or Outdated Metering Points for January 2023 Period Eligible Consumer
25.11.2022 About Publishing Final Eligible Customer Lists for December 2022 and The beginning of January 2023 Request Period Eligible Consumer
18.11.2022 About Publishing Eligible Customer Activity in December 2022 Eligible Consumer
15.11.2022 October 2022 Electricity Market Settlement Notice Announcements Electricity Kayıt ve Uzlaştırma Uncategorized
15.11.2022 October 2022 Futures Electricity Market Settlement Notice Announcements EFM Electricity Kayıt ve Uzlaştırma
14.11.2022 October 2022 Ancillary Services Market Settlement Notice Announcements Electricity Market
07.11.2022 October 2022 Organized YEK-G Settlement Notice Announcements Electricity Environmental Market

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