Turkey’s electricity wholesale tariffs fell by 16.5 percent in two years, the head of Turkey's state-owned electricity trading company said Wednesday.
Munib Karakilic, the General Director of Turkish Electricity Trade and Contracting Corporation, known as TETAS, said that wholesale tariffs fell to 17.85 Turkish kurus, down from 20.80 kurus in 2012.
TETAS, founded in 2001 after the liberalization of the energy sector in Turkey, is the only public energy wholesale company that works in cooperation with the government’s energy and economy policies.
“TETAS does its job transparently and independently without burdening the public. The prices are set with cost-oriented principles and in consideration of the forecasts of the treasury,' said Karakilic.
He said TETAS was listed as the third biggest company in Turkey in 2014 taking into account its net sales which equals 2.1 billion Turkish liras per month.
Karakilic also said they do not expect a raise in electricity wholesale prices this year, as the price will not be revised unless there is a significant change in the cost of natural gas, coal or in the currency exchange rates.
Indicating that TETAS paid its 2.7 billion liras of debt to Turkey’s Electricity production company EUAS, Karakilic said the company also collected 3 billion liras from the Turkish electricity distribution company.
-Turkish Energy Stock Market
Karakilic said that Turkey's proposed Energy Stock Market will provide a more transparent and secure environment for energy transactions when established.
Turkish Energy Stock Market, EPIAS, is planned to be established by Turkey's Energy Market Regulatory Board to create a dynamic energy market structure, where energy can be instantly traded as a commodity.
By Muhsin Baris Tiryakioglu & Nihan Cabbaroglu
Anadolu Agency
enerji@aa.com.tr