Amendments To The Security Procedures And Principles

The Procedures and Principles Amending the Security Procedures and Principles, with the decision of the Energy Market Regulatory Authority (EMRA) dated 14 March 2024 and numbered 12495 (Decision), was published in the Official Gazette of the Republic of Turkey and entered into force on 16 March 2024. The Decision is available here (in Turkish).

What is new with the Decision?

Pursuant to the Decision, the letters of guarantee to be submitted by market participants operating in organized wholesale electricity markets must be electronic. Existing letters of guarantee must be changed to electronic letters of guarantee by 1 January 2025. Letters of guarantee that are not changed before the aforementioned date will not be considered in security calculations.