Electricity

Electricity consumers in Turkey to get renewables-only tariff option

Electricity consumers Turkey renewables-only tariff

Photo: Unsplash

Published

July 8, 2020

Country

Comments

comments icon

0

Share

Published:

July 8, 2020

Country:

Comments:

comments icon

0

Share

Starting in August, businesses and households in Turkey will be able to buy electricity generated exclusively from renewables and the state has drafted rules for guarantees of origin so that power producers can prove the source. The government in Ankara scheduled tendering for solar power plants with an overall capacity of 1 GW for October.

Minister of Energy and Natural Resources of Turkey Fatih Dönmez revealed a special electricity tariff will be rolled out in August for consumers that choose to use only renewables. As an incentive, the government will issue certificates for those opting for the green or renewable tariff, called YETA for short, in his words.

The renewables-only tariff will be higher in the beginning, Minister of Energy and Natural Resources of Turkey Fatih Dönmez warned and added prices should recede in time

The details will be published later, the minister added and explained the system is both for households and businesses. He said he expects costs to be “somewhat high” in the early stage but that they would follow the decrease in investment costs. Dönmez highlighted the effects of subsidies and other support.

State’s annual new green power target is 1 GW

Turkey intends to commission at least 1 GW in renewables – solar and wind power systems, every year, he revealed and pointed to the advantages both for producers and consumers.

The Energy Market Regulatory Authority (EMRA) has prepared regulations for the certificates of origin for public consultation, named YEK-G. This way consumers will be aware of the source of the electricity they are buying.

The aim of the draft is to open the way for trading in the guarantees of origin in line with the European Union’s rules, local media learned and reported a new market for the certificates is opening at the Energy Exchange Istanbul (EXIST).

Power plant developers to compete for support to 74 solar power projects

The ministry said it would hold tenders for 74 solar power projects in 36 provinces from October 19 to 23. The capacity is listed in categories of up to 10 MW, 15 MW and 20 MW.

The upcoming YEKA tenders are separated into categories of 10 MW, 15 MW and 20 MW

In the Renewable Energy Resources Area (YEKA) scheme, only firms can participate and they will sign 15-year contracts for the delivery of electricity. The ceiling price is EUR 38.72 per MWh and the lowest offer wins.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Petrol obtains financing EV charging network Slovenia Croatia

Petrol obtains financing for EV charging network in Slovenia, Croatia

15 July 2024 - Slovenia-based Petrol is about to install electric vehicle charging points in 35 locations in its home market and in Croatia.

Green for Growth Fund financial impact targets 2023

Green for Growth Fund tops its financial, impact targets in 2023

15 July 2024 - The Green for Growth Fund kept mitigating climate change and promoting sustainable economic growth last year in its 18 markets

Energy permit not needed for power plants under 1 MW in BiH

15 July 2024 - The Ministry of Energy, Mining and Industry has adopted the rulebook on issuing energy permits and it entered into force on July 6

koncar croatia siemens energy

Končar, Siemens Energy launch new joint venture

15 July 2024 - Croatia’s firm Končar and Siemens Energy have signed a joint venture agreement on the establishment of the Končar - Transformer Tanks