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Energy Glossary

Energy Terms Glossary

You can read the terms more easily with the glossary we created for the descriptions and use areas of energy terms, as well as the calculation methods.

Active Energy

It is the electrical energy obtained by multiplying active power by time. Measurement unit is kWh.

Intermediary Bank

It is the bank used by market participants to carry out advance and bill payment processes.

Advance Payment

It is the payment made upon the advance payment notice sent without issuing a bill for the electrical energy traded the previous day within the scope of the day-ahead balancing and intra-day market.

Connection Point

It is the field or the contact point through which market participants and/or eligible consumers connect to the transmission or distribution system as per their connection agreements.

Selling Price per Unit

It is the selling unit price that the customer will pay for 1 kWh electrical energy provided by their supplier, excluding taxes, funds, expenses, etc.

Biomass

These are organic materials used as fuel to produce energy.

Biofuel

A renewable type of fuel produced from organic resources.

Block Purchase Proposal

It is the active electrical energy purchase proposal made by market participants who participate in the day-ahead market, which applies to several consecutive hours of the next day and contains the average price and amount details for the time period it covers.

Block Sales Proposal

It is the active electrical energy sales proposal made by market participants who participate in the day-ahead market, which applies to several consecutive hours of the next day and contains the average price and amount details for the time period it covers.

Boiler

A closed system used for producing steam.

Steam Turbine

Machines that convert the steam’s kinetic energy into mechanical energy.

BYTM

Regional Load Dispatch Center

Distribution

It is the process of transmitting electrical energy through lines with voltage levels at or below 36 kV.

Distribution Area

It is the area defined in a distribution license.

Legal Entity Holding a Distribution License

It refers to the distribution license holder Organized Industrial Zone legal entities and distribution license holder companies established as per the provisions of the Turkish Commercial Code No. 6762 dated 29/6/1956.