The trade volume of Turkey's day-ahead spot electricity market increased by 13% in July compared to the same month of 2019, according to data provided by Turkey's Energy Exchange Istanbul (EXIST).

The trade volume in the day-ahead spot electricity market, which EXIST started to operate in 2015, registered at about 4.9 billion liras this July compared to around 4.4 billion liras in July last year.

EXIST reported transactions in the day-ahead market in July of 16.6 million megawatt-hours.

The highest daily trade volume was recorded on July 29 at 184.6 million liras, while the lowest occurred on July 12 with 121.5 million liras.

The average electricity rate for one megawatt-hour in the day-ahead spot market in July was calculated as 296.36 liras.

Turkey's energy exchange company, responsible for operating energy trade, including power and gas commodities, provides counter-party guarantees in its transactions.

US$1 equals 7.07 Turkish liras at 0727 GMT on Thursday.

By Firdevs Yuksel

Anadolu Agency

energy@aa.com.tr