EMRA's power to determine the highest price for electricity

While the draft regulation is expected to be submitted to the Turkish Grand National Assembly soon, EMRA will be authorized for cost-based pricing of energy prices in the energy exchange operated by EPİAŞ (Energy Markets Management Inc.) within the scope of the regulation. In this way, for example, a ceiling price will be applied to areas where electricity is produced, such as imported or domestic coal, solar, wind, hydroelectric, and geothermal, where electricity production costs decrease and demand increases due to increasing natural gas prices all over the world. This authorization is planned to be given to EMRA for a limited period of 6 months.

How are prices determined?

The energy exchange operated by EPİAŞ is operated with a system based on the supply and demand balance at the market clearing price (PTF). 21 electricity supply companies enter the electricity they need every day into PTF to sell to their customers. Prices on the energy exchange change from day to day, from hour to hour, depending on the supply-demand balance. EMRA will determine the ceiling price on a product basis, and the ceiling price at which all producers can sell their products on the energy exchange will be set by itself. In this way, it aims to keep the electricity prices that the distribution companies will receive from the generator under the control of EMRA, to keep the electricity prices reaching residences and industry under control, and to prevent sudden price increases. With the commissioning of the system soon, it is aimed at keeping prices under control in the face of possible increases in electricity demand this summer.