Turkey's energy regulatory has announced 2016 principles and
methods for calculating electricity market operation revenues for
the Energy Markets Operating Company ("EPIAS").
Accordingly, revenue required for EPIAS operations (as the
exclusive market operator) will be allocated among the market
participants which supply or intake electric power to the balancing
power system. Market participants include license holders for
production, supply (including Organized Industrial Zone suppliers),
distribution and transmission.
The Energy Market Regulatory Board published the Notification on
Price and Commission Calculation Methods for Compensation of
Electricity Market Operation Revenues ("Notification") in
Official Gazette number 29811 on 24 August 2016.
The Notification includes formulas for calculating market
operating prices for operations in the day-ahead market, balancing
power market and reconciliation settlements. Pricing will be made
on the basis of costs charged for the services provided to market
Insufficient data was available to calculate estimated operation
volumes for 2016 was not available during preparation of the 2016
tariff proposals. Therefore, the approximate monthly operation
volumes between July and December 2015 will be used for the
calculation (Provisional Article 1 of the Notification).
Please see this link for full text of the Notification
(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
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Turkey has amended the Electricity Market Law numbered 6446 to promote use and security of domestic energy resources. Under the amendments, planned capacity mechanisms must give priority to local energy sources.
Turkey's energy regulator previously ruled (decision numbered 5709, dated 30 July 2015) that a total capacity of 2,000 MW would be reserved in the period up until 2020 for wind power pre-license applicants to connect to the grid.
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