The Energy Market Regulatory Authority (EMRA) has reduced power ceiling prices.
EMRA Leader Mustafa Yılmaz said, “The downward trend in prices in our electricity market continues. With the decision taken by our committee, we reduced the electricity ceiling price from 4200 TL/mWh to 3650 TL/mWh in the free market. Thus, we expect the cost of electricity to decrease by 12 percent as of February, especially in industrial establishments that consume electricity over the price of electricity sold in the free market.”
At the beginning of the year, the Power Market Regulatory Council had reduced the electricity ceiling price from 4800 TL/MWh to 4200 TL/MWh in the free market, thus it was announced that the cost of electricity would decrease by 10 to 15 percent, especially in industrial establishments that consume electricity over the electricity price sold in the free market. EMRA, which meticulously monitors the price movements in the market, has made a new decision today.
“It will reflect positively”
EMRA Leader Mustafa Yılmaz said that the decrease in electricity production costs continues to have a positive effect on the market. Emphasizing that they follow the price movements meticulously and reflect them to the market urgently, Yılmaz explained that they expect the cost-based downward trend to continue.
Stating that the decrease in the free market prices, which is the most valuable item when calculating the tariffs, should not be considered only with a focus on free consumers, Yılmaz pointed out that the downward trend will reflect positively on the tariffs of all consumer clusters.
Stating that they continue to defend all consumers with the pool formed by the maximum settlement price mechanism, Yılmaz said, “Besides this, cost-based reductions are of course very valuable. This cost-based decrease in the markets primarily reflects directly on the industrial consumer cluster with large consumption. However, as this decline process continues – which we anticipate to continue – we will see its reflection for all our consumers in a very short time.”