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ETD

ENERGY TRADERS ASSOCIATION: Energy Traders Association (ETD) was founded by leading energy trading companies holding Electricity Wholesale Licenses in 2010 to promote liberal energy trading and development of sustainable, transparent and liquid markets in Turkey. The Istanbul-based Association currently has 54 members. ETD is mandated to facilitate and promote universal rules, regulations and standards enabling fair trading environment towards a liberal energy market. ETD's functions include not only the establishment of preliminary infrastructure ensuring transparent and accessible prices and market information for all, but also introduction of a widely accepted standard contract and defining and establishment of ethical code. In order to fulfill its objectives, ETD cooperates with many national and international Governmental and Non-Governmental institutions. In terms of national connections and works, ETD participates in and organizes joint working groups including both members of ETD and Institutions with Ministry of Energy and Natural Resources, Energy Markets Regulation Authority, Competition Board, TE?A? (Turkish System Operator), EP?A? (Energy Markets Operation Company), Istanbul Exchange etc. Main subjects of this joint work are liberalization and competition, standardization, legal infrastructure of both wholesale and retail trade issues, transparency. We are proud of being very active during process of foundation of EP?A?, structuring products transacted in Istanbul Exchange and development of volume and operational enhancement of OTC markets in Turkey. In terms of international connections, ETD and EFET (European Federation of Energy Traders) organized multiple meetings introducing the EFET Agreement to market participants and created a working group on the adaptation of the EFET Agreement into the Turkish market. Finally, EFET General Agreement Turkey version (EFET TR) was launched on 22 July 2011, which was followed by the execution of the first agreement by two leading companies in Turkey. Our efforts and studies towards introducing demand response management to Turkish energy market in cooperation with some European companies and institutions came to a visible level in regulatory frameworks. We are one of energy sector organisations, which is invited to consultation meetings and interviews for various reports on Turkish energy market, prepared by international organisations such as The World Bank Group and International Energy Acency.
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