Page 90 - TURKRptDec19

“Electricity prices for households and industrial users have soared around 73% and 126%, respectively, over the past two years,” the lawmaker said.
Turkey needs to diversify and widen its electricity export markets to reduce power oversupply on its domestic market, Burak Kuyanthe head of the Turkish Energy Traders Association (ETD), has said.
The country’s installed electricity capacity surpassed 90,000 MW in October. As local demand for power has only increased marginally over the past two years, Turkey is thus faced with oversupply problems, according to state-run news service Anadolu.
Electricity producers are selling output on the liberalised market in which prices are shaped by market dynamics. When there is an oversupply, prices automatically fall on the market.
"Thus, we need to increase the export capacity so it will help reduce the oversupply and also increase electricity prices on the market which are relatively low and are challenging for electricity producers,” Kuyan said, suggesting that neighbouring Iraq is a potential market.
Potential initial exports of Turkish electricity to Iraq could range between 200 and 400 megawatts (MW) in 2020, according to Kuyan.
Turkey's Energy and Natural Resources Minister Fatih Donmez announced in August that Turkey and Iraq had agreed to start up electricity trading as soon as Iraq made necessary updates to its infrastructure.
Turkey has the potential to export up to 2,000 MW which could generate $1bn in revenues, according to Kuyan.
Turkey currently exports electricity to Greece, Bulgaria and Georgia and its power market is integrated with the European ENTSO-E electricity system.
Latest data from energy regulator EPDK show that Turkey sold a little more than 155,000MW of electricity to western neighbour Greece in August. Georgia imported only 19MW power from Turkey in the month while electricity sales to Bulgaria amounted to 20,800MW.
Turkey’s power generation dropped 1.89% on an annual basis to 22.97bn kWh in October​. The data showed 23.63% was generated by natural gas power plants while 19.55% came from hydropower plants.
Turkey's total installed power capacity reached 91.07 gigawatts by the end of October 2019.
Earlier this week, a lawmaker from the main opposition party CHP lashed out at the government for energy policy that encourages the construction of power plants that the country does not need.
Recent energy ministry statistics suggested that over the past five years a total of 214 hydropower plants have gone operational in Turkey, but the country plans to build 261 more such facilities in coming years.
90​ TURKEY Country Report​ December 2019 ​ ​www.intellinews.com