Updated Tariff Application Principles For Electricity Distribution Companies In Turkey

The Board of the Electricity Market Regulation Authority ("Authority") has issued new Procedures and Principles for the Tariffs of License Holder Entities and Authorized Supply Companies in Turkey ("Procedures and Principles"). Changes apply to subscriber groups and tariffs, although these continue to be categorized in a similar way as under previous regulation. The Board's decision, numbered 5999-3 and dated 30 December 2015, was published in Official Gazette number 29570 on 31 December 2015.

Significant changes include:

• "Retail companies" are changed to become "authorized supply companies"
• Restrictions on Residential Subscriber Group:Consumers classified in the residential subscriber group become restricted to only one residence, which must be in their continuous use.