TURKISH ENERGY MARKET

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Enerji IQ Group is an Istanbul-based, regional multidisciplinary consultancy and energy market intelligence company established in 2012. The 20+ years of in-depth expertise of our team in public relations, regulations, policies, and market assessments offers extensive tools for clients to mitigate risks and meet their growth objectives.
Enerji IQ publishes weekly market reports that bring transparency to the market with genuinely operational news, reliable market intelligence, in-depth trend and policy analyses, and commentaries on price drivers.

Dr. Ozturk Selvitop Appointed as Head of General Directorate of Foreign Relations

(Enerji IQ – Aug. 13, 2022) Dr. Ozturk Selvitop is definitively appointed as the head of General Directorate of Foreign ...

CEZ Group to Sell Its Share in Akcez to Torunlar Group 

(Enerji IQ – July 30, 2022), CEZ Group signed an agreement with Turkiye’s Torunlar Enerji A.S. and Baskent Dogalgaz Dagitim ...

EMRA Increases DAM and BPM Price Cap to 4,000 TL/MWh

(Enerji IQ – Aug. 1, 2022) EMRA increased the price cap at the day-ahead market (DAM) and balancing power market ...

BOTAS to Apply 50% Higher Tariff to Grade-2 Industrial Consumers

(Enerji IQ - Aug. 4, 2022) BOTAS implemented a 50% higher tariff for grade-2 industrial consumers in a bid to ...

State’s EUAS to Supply Subsidized Electricity to Retail Distributers

(Enerji IQ - Aug. 15, 2022) The Turkish government assigned state-owned power producer and trader EUAS to supply a total ...

EMRA Restricts Excess Electricity Sales of License-Exempt Power Plants

(Enerji IQ – Aug. 11, 2022) Turkish regulator EMRA limited the excess electricity sales of license-exempt power plants which were ...

850-MW Wind YEKA-3 Tender Concludes With 59.69 Krs/kWh (3.44 $c/kWh) Average Price

The Ministry of Energy and Natural Resources concluded tenders on July 14 for the 850-MW wind YEKA-3 tenders, which cover ...

EMRA Implements Regulation to Secure License-Exempt Power Plants’ Receivables

Turkish regulator EMRA implemented a regulation to force electricity distribution companies to make their monthly settlement payments to license-exempt power ...

Energy Minister Unveils 10-mcm/d Phase I and 40-mcm/d phase II production at Black Sea

Turkiye’s energy minister Fatih Donmez revealed during the welding ceremony at Filyos Port that gas production will start with 10 ...

Ministry Plans to Relaunch Offshore Wind Tender in 1Q2023

The Turkish Energy Ministry plans to launch a tender to receive applications for offshore wind capacity in the first quarter ...

EUAS Ready to Use Domestic Hydraulic Generators at 160-MW HEPP

Turkiye’s state-owned power-producing and trading company EUAS plans to use the first locally manufactured hydraulic turbine generators at Hasan Polatkan ...

TEIAS Fails to Pay Capacity Mechanism and Ancillary-Services Payments

Turkiye’s transmission system operator TEIAS failed to pay primary and secondary frequency service charges as well as the capacity-mechanism rewards ...

By Decelerating Base-Load Projects, Ankara Urges Rapid Solar Installations

The steady increase in electricity demand and deceleration of the base-load power plant project stock has placed pressure on Ankara ...

Energy Ministry Receives Application for 300-MW Solar YEKA-4

The Ministry of Energy and Natural Resources received the applications for the first 300-MW phase of the 1-GW solar YEKA-4 ...

EMRA Implements Resource-Based Price Cap

Turkey, after weighing several options to stabilize electricity prices, decided to implement a six-month resource-based price cap mechanism. At the ...

Turkey Plans to Build First Green Hydrogen Plant by PPA Model

(Enerji IQ – Feb. 17, 2022) Turkey plans to establish the country's first green hydrogen plant in the northwestern coastal ...

French Albioma SA Acquires 18-MW Kuyucak Geothermal Plant From Turcas

(Enerji IQ – Feb. 14, 2021) Turkey’s Turcas Petrol announced that it successfully finalized the share transfer process of its ...

BOTAS Increases Gas Tariffs by 18.25% for Power Plants

(Enerji IQ – March 1, 2022) Turkey's state-owned BOTAS raised its tariffs by 18.25% to 7,450 TL/kcsm from 6,300 TL/kcsm ...

Energy Ministry Reduces YEKA Capacities to Allocate More Capacity to Hybrid Projects

(Enerji IQ – Feb. 23, 2022) The Ministry of Energy and Natural Resources reduced the capacities of upcoming wind and ...

Turkey Implements Concrete Measures to Cut Power Prices

(Enerji IQ – March 8, 2022) The Turkish government implemented a series of steps to reduce consumer bills for those ...

New YEKAs May Be At Risk Due To TL Depreciation

Within the scope of the YEKA model, applications for a total connection capacity of 4.50 GW based on 2.50 GW ...

TL-Based Connection-Capacity Auctions Risk New Capacity Additions

The Renewable Energy Resource Zones (YEKA) model, which has been implemented since 2017 to support renewable energy investments with domestic ...

25,528-MW Renewable Capacity Applied EMRA For YEKDEM

EMRA evaluated applications made to the authority to benefit from the renewable energy supporting mechanism (YEKDEM) in 2022 and published ...

EMRA Increases 2022 License Fees By 36.2%

(Enerji IQ – Dec. 22, 2021) EMRA increased the license fees by 36.2% for electricity and natural gas markets in ...

Wind Moves Into First, Biomass Keeps Upward Trend In New Capacity Additions

Wind power plants ranked first in terms of new capacity additions with 1,418 MW at the end of October, while ...

Hybrid Capacity Expansions Favor Renewable Investments

Turkey's green-field renewable capacity additions now mostly rely on a hybrid model separate from the ones under YEKA (Renewable energy ...

M&A Processes Of Renewable Power Plants Continue

M&A processes of renewable power plants continue The M&A process of renewable energy-based power plants is accelerating, as three companies ...

Ministry launches 2-GW wind YEKA auction distributed to 42 regions

(Enerji IQ – May 2021) The Ministry of Energy launched the tender process for 2 GW of wind-connection capacity under ...

1-GW solar YEKA auctions average 21.77 Krs/kWh (2.58 US$c/kWh with 8.45 US$/TL)

(Enerji IQ – May 2021) The Energy Ministry completed the first TL-based YEKA (Renewable Energy Resource Zones) auction in May ...

Biomass projects rank first in electricity generation licenses with 475 MWe

(Enerji IQ – June 2021) EMRA granted 90 electricity generation licenses through the end of the first week of June ...

61.35-MW Topcam HEPP to be privatized in September

(Enerji IQ – July 2021) Turkey's privatization authority has initiated the tender process for the privatization of the 61.35-MW Topcam ...

Zeytindalı Elektrik wins privatization tender for 84-MW Camlica 1 HEPP

(Enerji IQ – July 2021) The privatization tender for Camlica 1 HEPP, the largest energy asset in the privatization portfolio, ...

TL-based YEKDEM FITs start on July 1

(Enerji IQ – July 2021) Turkey's TL-based new renewable energy supporting mechanism (YEKDEM) feed-in tariffs (FIT) became effective on July ...

EMRA increases retail electricity prices by 15% for Q3

(Enerji IQ – July 2021) EMRA has increased its final retail electricity sales prices by 15% for all subscriber groups, ...

Turkey privatizes TEIAS through public offering

(Enerji IQ – July 2021) The shares of Turkey's transmission system operator TEIAS will be offered to the public, according ...

Capacity-mechanism rewards remain unchanged despite power plant additions

(Enerji IQ – July 2021) Transmission system operator TEIAS published its capacity-mechanism payment list for May, which includes 51 power ...

Turkey’s half-year gas entry volume reaches 31.88 bcm

(Enerji IQ – July 2021) The total volume of gas that entered Turkey's national transmission network in the first half ...

EBRD buys stake in Turkish waste-to-energy firm Biotrend

(Enerji IQ – August 2021) The European Bank for Reconstruction and Development (EBRD) is promoting private-sector know-how in waste management ...

Turkey geothermal capacity hits 1,650 MW reaching 1.65 of total capacity

(Enerji IQ – August 2021) Turkey has steadily raised its share of geothermal power of total electricity generation in the ...

Turkey releases Green Deal action plan aiming to adopt EU’s new regulations

(Enerji IQ – July 2021) The Ministry of Trade released the Green Deal Action Plan to adopt government policies that ...

Seven companies receive electricity-supply licenses from EMRA this year

(Enerji IQ – August 2021) The number of electricity supply licenses issued by EMRA during the first seven months of ...

Electricity generation increases by 7.3% YoY and by 15.3% monthly in July

(Enerji IQ – August 2021) Turkey's total electricity generation in July reached 30.59 TWh, showing a 7.29% YoY increase. Its ...

Entek takes over 60-MW Suloglu wind power plant from STEAG

(Enerji IQ – August 2021) Entek Electricity Generation A.S completed the acquisition process of the Suloglu wind power plant, which ...

EMRA launches investigation into power suppliers claiming overbidding

(Enerji IQ – August 2021) Turkish regulator EMRA initiated an investigation for some power suppliers claiming overbidding on the spot ...

Turkey needs 15-18 bcm additional gas for 2022

(Enerji IQ – August 2021) Despite the latest gas-purchase agreement signed by BOTAS and Azerbaijan, Turkey’s gas-import strategy for securing ...

Electricity generation increases by 12.9% YoY and by 5.8% monthly in August

(Enerji IQ – September 2021) Turkey's total electricity generation in August reached 32.37 TWh, showing a 12. 9% YoY increase ...

HEPP privatizations continue with 2.5-MW Cal power plant in Denizli

(Enerji IQ – Sept. 15, 2021) The Privatization Administration has started the process for privatizing the 2.5-MW Cal hydroelectric power ...

Japanese investment fund continues to invest in Turkish solar sector

(Enerji IQ – Sept. 8, 2021) Turkey's Competition Authority approved the acquisition of sole control of Istanbul-based Boras Enerji A.S ...

EMRA allocates 1 GW of capacity to hybrid power plants

(Enerji IQ – Sept. 9, 2021) EMRA allocated 1,026 MW of connection capacity to hybrid power plant investments, according to ...

Power producers urge structural changes to sustain supply security

(Enerji IQ – Sept. 15, 2021) Turkey’s independent power producers (IPP) urged a series of structural changes due to market ...

Escalated prices of YEKDEM FITs approach price cap

(Enerji IQ – Sept. 16, 2021) Turkey’s energy exchange EXIST announced the updated renewable energy supporting mechanism (YEKDEM) feed-in tariffs ...

EMRA launches investigation into power suppliers claiming overbidding

Turkish regulator EMRA initiated an investigation for some power suppliers claiming overbidding on the spot market. “We found out that ...

Turkey needs 15-18 bcm additional gas for 2022

Despite the latest gas-purchase agreement signed by BOTAS and Azerbaijan, Turkey’s gas-import strategy for securing demand in 2022 remains unclear ...

Electricity generation increases by 12.9% YoY and by 5.8% monthly in August

Turkey's total electricity generation in August reached 32.37 TWh, showing a 12. 9% YoY increase. The overall electricity generation in ...