Turkey鈥檚 electricity wholesale tariffs fell by 16.5 percent in two years, the head of Turkey's state-owned electricity trading听company said Wednesday.
听Munib Karakilic, the General Director of Turkish Electricity Trade and Contracting Corporation, known as TETAS, said that听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听works听in cooperation with the government鈥檚 energy and economy policies.
鈥淭ETAS does its job transparently and independently without burdening the public. The prices are set with cost-oriented principles and in consideration of听the forecasts of the treasury,"听said Karakilic.
He said TETAS was listed as the third biggest company in Turkey in 2014 taking into account its听net sales which equals听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鈥檚 Electricity production company EUAS, Karakilic said the company also collected 3 billion liras from the Turkish electricity distribution company.听
-Turkish Energy Stock Market
Karakilic said that听Turkey's proposed听Energy Stock Market will provide a more听transparent听and secure environment for energy transactions when听established.听
Turkish Energy Stock Market, EPIAS,听is planned to be established by Turkey's听Energy Market Regulatory Board to create a dynamic energy market structure, where energy can be instantly听traded as a commodity.听
By Muhsin Baris Tiryakioglu & Nihan Cabbaroglu
Anadolu Agency
enerji@aa.com.tr
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