ARTICLE
24 November 2021

A Crucial Legislative Proposal On The Energy Market Comes Before The Turkish Parliament

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Esin Attorney Partnership

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Esin Attorney Partnership, a member firm of Baker & McKenzie International, has long been a leading provider of legal services in the Turkish market. We have a total of nearly 140 staff, including over 90 lawyers, serving some of the largest Turkish and multinational corporations. Our clients benefit from on-the-ground assistance that reflects a deep understanding of the country's legal, regulatory and commercial practices, while also having access to the full-service, international and foreign law advice of the world's leading global law firm. We help our clients capture and optimize opportunities in Turkey's dynamic market, including the key growth areas of mergers and acquisitions, infrastructure development, private equity and real estate. In addition, we are one of the few firms that can offer services in areas such as compliance, tax, employment, and competition law — vital for companies doing business in Turkey.
A proposal that seeks to make amendments to Turkish energy market legislation ("Legislative Proposal") was presented to the Turkish Parliament on 16 November 2021.
Turkey Employment and HR

A proposal that seeks to make amendments to Turkish energy market legislation ("Legislative Proposal") was presented to the Turkish Parliament on 16 November 2021. In this alert, we only summarize the general content and the purpose of the Legislative Proposal. We will publish a detailed note after the enactment of amendments. Please stay tuned.
The Legislative Proposal,

  • aims to decrease the financial burden on consumers by abolishing energy and Turkish Radio and Television funds that are added to energy prices;
  • fills the gap that arose in practice regarding electric vehicle charging stations by introducing new provisions on relevant rights, requirements and obligations in relation to charging stations;
  • paves the way for extra precautions to secure the natural gas supply to protect consumers;
  • expands the scope of energy efficiency implementation projects by covering agriculture and service sectors;
  • allows license-exempt electricity generation facilities to give their excess energy to the transmission system and the distribution system within the scope of the renewable energy support mechanism;
  • establishes the Energy Transformation Department within the Energy Market Regulatory Authority; and
  • provides that the Ministry of Energy and Natural Resources and the national electricity transmission company (TEIAS) will take into account the Turkish National Energy Plan's study for capacity tenders to be conducted to ensure electrical energy supply security. Unlike the current projections, it is planned that the Turkish National Energy Plan's study will cover a period of more than 20 years.

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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