Turkey to establish new power trading platform

: Electricity
14/11/18

Turkey plans to complete the establishment of its new power trading platform, Epias, at the start of next year.

Turkish energy market regulator EPDK, which is charged with allocating shares in the Epias platform, has identified 109 private-sector companies that have qualified to participate in the 40pc stake allocated to the private sector. State transmission company Teias will take 30pc of the shares, and the Borsa Istanbul stock exchange the remaining 30pc.

The EPDK aims to register the new company in January, it said in a statement today. The regulator is currently working on the final allocation of shares for the private sector.

The maximum allocation for a private-sector company is 4pc and the minimum stake is 0.02pc. Ownership of a stake in Epias will "add to the brand value" of companies that participate, EPDK chairman Mustafa Yilmaz said. A total of 114 electricity generators, distributors and wholesalers as well as natural gas companies have applied for shares, the EPDK said in September

The trading platform will initially handle electricity products, setting day-ahead and intra-day prices that the government and private sector hope will accelerate the liberalisation of the power market and help draw in fresh foreign investment by providing a liquid market and risk management instruments.

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26/04/06

Trump budget targets climate, clean energy programs

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Iranian drone hits Kuwaiti power and desalination plant

26/04/03

Iranian drone hits Kuwaiti power and desalination plant

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Brazil climate plan cites risks to grid, fuels

26/04/02

Brazil climate plan cites risks to grid, fuels

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New furnaces to support Italian steel power demand

26/04/02

New furnaces to support Italian steel power demand

London, 2 April (Argus) — Rising steel demand and upcoming furnace expansions within Italy's highly electrified steel sector could increase the country's industrial power consumption. But high energy prices in the wake of the US-Iran conflict may limit sector growth. Italy is the second-largest steel producer in Europe, after Germany. It has the most electrified steel industry in the region, with 90pc of production coming from secondary steel made from scrap processed in electric arc furnaces in 2024, compared with an EU average of 45pc, according to steel association Federacciai. The country had 26 electric arc furnaces with a combined capacity of 23.9mn t/yr at the end of 2025, according to independent research body Global Iron and Steel Tracker ( see capacity graph ). Italy's wholesale power prices are consistently among the highest in Europe and prices have risen further since the onset of the US-Iran conflict, owing to Italy's strong gas marginality. 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Energy efficiency in the sector increased over 2015-21, with consumption falling from roughly 800 kWh/t to below 700 kWh/t, data from Federacciai show. But power demand per ton of output has been slowly edging up since 2021. Geopolitical worries The Italian government has taken steps to insulate industry from power price increases, but geopolitical risks continue to influence prices. Italy launched its Energy Release Scheme late last year, offering electricity to energy-intensive users at a fixed price of €65/MWh in exchange for commitments to develop renewable capacity and return equivalent power over 20 years. But high energy costs will continue to weigh on steelmakers this year, Eurofer director-general Axel Eggert said, pointing to the impact of the Middle East war on gas markets after the Dutch TTF benchmark moved above €50/MWh in early March. Italian steel and scrap association Assofermet flagged the conflict as a source of potential additional cost pressures in an already volatile market. "Operating complexity and growing concerns related to the Carbon Border Adjustment Mechanism (CBAM) and the upcoming entry into force of the new safeguard measure are significantly weighing on the market," it said. The rollout of the CBAM — which raises import costs — will be accompanied by a gradual reduction of free allowances under the Emissions Trading System, from which energy intensive industries have long benefited. As free allocations decline, steelmakers will need to buy more allowances, adding further cost burdens. By Ilenia Reale Electric arc furnace capacity by country mn t/yr Sectoral breakdown of industry power demand % Steel power demand, 12-month trailing average TWh/m Power demand vs steel output, monthly Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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