Analysis of Business Models, Technologies, and the Needed Regulatory Scheme for Power System Digitalization in Turkey

Widespread use of digital technologies such as robotic process automation, augmented reality, the internet of things, artificial intelligence, machine learning, big data, and blockchain in the energy sector has led to a transformation in the internal activities of certain enterprises while increasing value creation potential and opening up new business opportunities. Innovative business models that focus on digital technologies are seen as a solution to take advantage of the opportunities that arise with the energy transformation and to cope with possible difficulties. The steps that can be taken in the realization of digital business models in the Turkish energy sector are evaluated in this report, which examines the current market structure, legislation, socio-cultural situation, financial conditions, technological infrastructure, network planning, and urban development.
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Executive Summary

Main transformation pillars of the energy system and objective of the study

Turkey is among the fastest-growing energy users and emitter of greenhouse gases (GHG) globally, and growing energy usage with its environmental and socioeconomic impacts have been forcing the energy system to be transformed in line with technological advancements. Energy efficiency potential accelerated deployment of renewable energy sources, and electrification applications – supported by information and communication technologies (ICT), digitalisation, innovative policies, market instruments, and finance models – lead today’s energy transformation. In many previous studies prepared by SHURA, the main pillars of energy transformation, i.e., energy efficiency, renewable energy, and electrification, were covered in detail, and all aspects, including the socio-economic benefits of energy transformation, were analysed from different perspectives.

Conclusion

In line with technological advancement in energy industry around the globe, a significant transformation is being experienced, driven also by the ambition to respond to climate change. Turkey, as one of the fastest rates of growth in energy consumption and GHS emissions, is also part of this transformation. The components leading energy transformation particularly include energy efficiency, rapid scale-up of renewable energy resources and electrification. Information and communication technologies, digitalization, innovative policies, market instruments and financing models are among the other factors that support this transformation. Concurrently with the transformation in energy systems, digitalization initiatives and digital technologies facilitating transformation in the electricity sector value chain are also becoming more widespread. The widespread adoption of digital technologies in the energy sector leads to a transformation in the internal operations of enterprises themselves, while also increasing the value creation potential and allowing the creation of new business opportunities.

Bibliographic Data

Publication Date

March 2022

Number of Pages

142