The Energy Market Regulatory Authority
("Authority") in Turkey has published
procedures and principles for pre-approved investments, made within
distribution system revenue arrangements. Accordingly, the
Procedures and Principles Regarding Investments on Electricity
Market Distribution Systems ("Procedures and
Principles") were published in Official Gazette
number 29546 on 28 November 2015, entering into effect on 1 January
According to the Procedures and Principles, any investment
expense by distribution license holders must be made within the
scope of investment plans which are approved by the Energy Market
Regulatory Board ("Board"). The Board
approve investment plans for each implementation term.
Ownership of investments should belong to the state or be made
on the state's behalf.
The Authority can request information if no investment proposal
for distribution service is submitted to the Authority. If a
distribution company fails to submit its investment plan proposal
by the due date, the company will be required to follow an
investment plan which is prepared by the Authority and approved by
These factors take priority within the scope of investment
Security of life and property.
Continuity of supply and technical
Connection requests to distribution
Principles for preparing master plans are now listed in a more
Any assets established as a network investment must be in use
for 15 years, subject to the Board's discretion.
Planned investments should be reported to Authority with annual
actualization tables. For investments that are approved and began
operation during the year, accounting records and investment
documents should be submitted to the Authority.
The Procedures and Principles are prepared based on the
Communiqué on Regulation of Distribution System Revenue. The
recent Procedures and Principles supersede the Procedures and
Principles Regarding Review of Expenditures of Investments for the
Regulation of Electricity Market Distribution System, which were
published in Official Gazette number 27967 on 17 June 2011.
However, the superseded principles and procedures will continue to
apply for the 2011 to 2015 period.
Please see this link for the full text of the Principles
and Procedures (only available in Turkish).
Information first published in the MA | Gazette, a fortnightly legal update
newsletter produced by Moroğlu Arseven.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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