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Turkey - Auctions for energy and firm capacity certificates : management of purchaser risk (anglais)

The rationale for the auction mechanism is to provide long term, secure revenues to new generators to guarantee the financing of new capacity to meet the security of supply requirement. This report proposes an additional mechanism in the Auction Regulation called the Contract Reallocation Mechanisms (CRM) to deal with these market and purchaser risks. The CRM reallocates auction contracts on an annual basis from over-contracted Load Responsible entities...
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