Turkey's EPDK details new power user tariff
London, 7 November (Argus) — Turkey's new power tariff will cover eligible users that consume at least 100 MWh/yr, energy regulator EPDK said in a draft regulation today.
Front-year prices climbed in the over-the-counter (OTC) market after the announcement.
EPDK will launch a new tariff in April for eligible users with demand of 100 MWh/yr or more. The system will "incentivise the transition to a competitive market", it said, suggesting a higher price than under the present regime.
Turkey's 2018 power contract changed hands at 1 lira/MWh (€0.22/MWh) higher on the day today at TL170.50/MWh, a fresh high.
OTC liquidity has picked up since 16 October, when EPDK unveiled the draft regulation — traded volumes were at their highest since January last month.
Firmer OTC prices and higher production costs have squeezed profit margins for retail and wholesale companies since the end of last year.
EPDK is expected to publish the new regulated prices at the start of 2018.