Energy Exchange Istanbul
|Headquarters:||Büyükdere Cd. No.199, 34394 Levent- İstanbul, Turkey|
|Location(s):||Levent- İstanbul, Turkey|
|Date of foundation:||12 March 2015|
CEO and Deputy Chairman of the Board:
|Traded commodities and traded volumes in 2016:||Day Ahead Market: 114,05 TWh
Intraday Market: 839.381 MWh
|Current number of employees (January 2017):||160|
|Annual report(s):||EPİAŞ 2015 Annual Report (in Turkish)|
Energy Exchange Istanbul (EXIST) is an energy exchange company legally incorporated under the Turkish Electricity Market Law and enforced by the Energy Markets Operation License granted by the Energy Markets Regulator Authority (EMRA) of Turkey. EPİAŞ is responsible for managing and operating energy markets, including power and gas commodities. EPİAŞ ensures transparent, reliable and trustable market conditions as well as an equal access for all market participants by providing a counterparty guarantee of the transactions.
Following the settlement calculations and in line with the participants’ intra-day balancing practices as well as for every day of a billing period, EPİAŞ- in accordance with Takasbank- will notify participants regarding the daily down-payments and the following day’s day-ahead market’s down-payment statements, which involve amounts either payable to EPİAŞ by participants or vice versa.
Market settlement is performed by the market operator EXIST in a fast, reliable and transparent manner.
- TEIAŞ (TSO): 30%
- Borsa İstanbul (BIST): 30%
- Market Participants: 40%