The Electricity Market Balancing and Settlement Regulation (published in the Official Gazette dated April 14, 2009 and numbered 27200) was amended through the Regulation on the Amendment of Electricity Market Balancing and Settlement Regulation (the “Amendment Regulation”) (published in the Official Gazette dated November 3, 2011 and numbered 28104). In a nutshell, the Amendment Regulation introduces, inter alia, an amendment to the definitions of concepts such as electricity generation facilities, system marginal prices etc., electricity loads etc., the addition of entities with organized industrial zone certificates to the list of market participants, the setting out of the registration of market participants to the central settlement bank, the arrangement of the hours for the day-ahead in view of the daylight saving time, and the amendment of the procedures such as reconcilement instruction, calculation of the system marginal price and energy imbalance price etc.