Recent development
A number of changes to the Turkish electricity market were
enacted by a decision of the Council of Ministers Decision No.
2015/8317, dated December 14, 2015, and various decisions of the
Energy Market Regulatory Authority ("EMRA") in December
2015. These decisions introduced significant changes such as the
extension of incentives under the Electricity Market Law, a new
eligible consumer threshold, and the continuation of the national
tariff.
Main highlights
Price Equalization, Unified National Tariff and
Cross-Subsidization
The Council of Ministers' decision extended the term of the
price equalization, unified national tariff and cross subsidization
mechanisms until December 31, 2020. The price equalization
mechanism allows a nationwide price to be applied to consumers,
despite fluctuating cost differentials between the 21 different
electricity distribution and retail sale regions in Turkey, through
a national tariff and cross subsidization
