General structure of energy markets, market actors, physical and trade relations. Power market activities, boundaries and obligations. Pre-license and license processes, unlicensed production. Legal framework and investment models for power production. Legal framework and characteristics of transmission and other activities. Legal framework for the power grid and the right to connect. Regulations about renewable power resources. Security of supply and capacity mechanisms. Government subsidies, incentives and their effects on power markets. Privatization: legal framework, regulation and models. International agreements (e.g., TANAP) and regulation. Project financing and regulation. Auditing: Legal framework for sanctions and legal mechanisms. Discussions on current issues case studies and contract analyses.
Energy Regulations and Laws (ETM 506)
CONTENT
PROGRAMME OUTCOMES
1. Develop the ability to use critical, analytical, and reflective thinking and reasoning
2. Reflect on social and ethical responsibilities in his/her professional life.
3. Gain experience and confidence in the dissemination of project/research outputs
4. Work responsibly and creatively as an individual or as a member or leader of a team and in multidisciplinary environments.
5. Communicate effectively by oral, written, graphical and technological means and have competency in English.
6. Independently reach and acquire information, and develop appreciation of the need for continuously learning and updating.
1. Design and model engineering systems and processes and solve engineering problems with an innovative approach.
2. Establish experimental setups, conduct experiments and/or simulations.
3. Analytically acquire and interpret data.
1. Demonstrate substantive knowledge of how energy relates to social, political, and economic aspects of contemporary life on a national, regional or global basis.
2. Discuss the relative advantages and disadvantages of using traditional fossil fuels (oil, natural gas, coal), renewable energy sources (hydro, solar, wind, biomass) and nuclear energy.
3. Explain the fundamentals of renewable energy and fossil fuel technologies.
4. Explain the dynamics of energy and electricity supply chains and the related markets.
5. Discuss the social and environmental effects of energy policies and technologies.
6. Develop fundamental energy financing models.
7. Gain experience with energy project management and energy strategy development.
8. Demonstrate knowledge on the fundamental Turkish energy regulations.
9. Demonstrate ability to access current and reliable information sources on energy.