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Regulator says Turkey is poised to change electricity law

04 Jan 2012 17:15:20 | edem

Turkey is set to approve a number of amendments to its energy law within the first quarter of the year, a source at EMRA, the Turkish regulator, told ICIS Heren.

Some of the most important changes refer to the creation of EPIAŞ, a private entity that would run the Day-ahead market, the introduction of a pre-licensing application for generation products and the merger of the wholesale and retail licences into a single supply licence (see EDEM 14 December 2011).

The source said the energy ministry was poised to endorse the final draft and send it to parliament for swift approval.

"We are hopeful the parliament will approve the draft before the end of next month," he said.

However, a market participant doubted the claims, insisting that Turkey's parliament was unlikely to make a decision sooner than the end of March.

The EMRA source said the changes were necessary in order to create a competitive market that encourages viable projects.

The introduction of a pre-licensing application for generation projects would deter companies from applying for a licence without actually pursuing a project.

"We want to make absolutely sure that only applications that are serious about their projects receive the licence," the EMRA source said.

The creation of EPIAŞ to run the new Day-ahead platform on Turkish exchange PMUM would split the bourse into a Day-ahead exchange and a balancing market operated by transmission system operator TEIAŞ. The plan has the backing of market participants. AS

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