Turkish Parliament approved Electricity Market Law – Turkey, 6 June 2016

Turkish Parliament has passed the new Electricity Market Law, which aims to lower electricity bills for customers and support local production in order to reduce the country’s dependence on energy imports.
According to the new law, Turkish Energy Market Regulatory Authority (EPDK) will request the revision of unapproved tariff offers. The regulated electricity tariffs which should be introduced soon will be arranged in a way to include all costs and service fees and will be submitted to EPDK for approval. The authority will request the tariff offers that it disapproves of in scope of the regulation to be revised or approve them by directly revising them if necessary. Legal entities will also be obliged to implement tariffs approved by EPDK.

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