Novelties in the Turkish Electricity Market-December 2020

The Law amending the Electricity Market Law and Several Laws was published in the Official Gazette dated December 2, 2020. 

The main changes introduced by the law amendment are as follows:

– It has been stated that the Renewable Energy Resources Support Mechanism (RESSUM) prices will be applied in Turkish Lira for power plants that will be commissioned after 30/06/2021, and the President of the Republic has been authorized to issue procedures and principles on this issue.

– The President of the Republic has been authorized to determine the procedures and principles regarding the price to be applied, so as not to exceed the single-time active energy price belonging to its subscriber group in TRY krs/kWh from the end of the 10-year period for facilities covered by unlicensed electricity generation activities. 

– Unlicensed power plants have been given the option to switch to licensed production activities, provided that fifteen percent of the hourly market-clearing price (MCP) generated in the electricity market during the license period is paid as a contribution fee to the RES Support Mechanism.