Power Production by Using the Hydroelectric Power Plants and Cost Effect on Electricity Market in Türkiye

Power production through hydroelectric power plants is one of the important methods to produce electricity because of the use of alternative resources while considering the climate issues in our current world. On the other hand, growing economies demand energy in the sectors; therefore, energy demand increases correlatively with sustainable economic growth. In this context, increasing power generation, reducing carbon emissions, and reducing energy generation costs by protecting energy reliability are the main objectives in an energy market. Since the climate issues, these aims require the utilization of the renewable energy source maximum at present. Accordingly, this study mainly aims at the economic analysis of the power generation from hydroelectricity in the electricity market for Türkiye by comprehending the contribution of hydroelectric power plants. Since the 2050 roadmap of hydroelectricity might be beneficial to form the scenarios as realistic as possible by considering the hydroelectric capacity in Türkiye, the long-range energy alternative planning (LEAP) model is used to analyze the cost-effectiveness by applying the scenarios. In this way, the acquired data regarding the energy demands and costs in the energy market for the different scenarios are used to make future predictions and aspects in Turkey.