yeni electricity market law tr
Summary
Introduction of a pre-licensing procedure for the pre-construction stage
- Relevant permits, approvals, licenses, ownership or usufruct right of the area must be obtained in pre-licensing period, which is 24 months max.
- No ‘generation license’ is converted into a ‘preliminary license’. Current license applications will be considered as preliminary license applications.
- Any direct or indirect share transfer at the preliminary license period is prevented.
Organization of Electricity Market Operation Activities
- Day-ahead markets and intra-day markets are operated by EPIAS (Energy Markets Operation Company) instead of PMUM
- Standardized electricity contracts and derivative markets are operated by Borsa Istanbul (Exchange Istanbul) instead of VOB
- Balancing power market and ancillary services markets are organized and operated by TEIAS (System Operator)
- No need for a ‘generation license’ if installed capacity is under 1 MW; can be increased to 2.5 MW by Council of Ministers
- Extended deadlines for 50% discount on the transmission system utilization fee and stamp duty exemption
Privatizations
- EÜAŞ companies, which are to be privatized, have time to complete all required environmental permits until 31 Dec 2018.
- Transfer, merger or demerger activities as a part of the privatization of generation and distribution companies are exempt from Corporate Tax and VAT until 31 Dec 2023.
Changes in types of licenses
- ‘Auto-production license’ will be abolished and converted into ‘generation license’
- Wholesale and retail sale activities are joined under ‘supply license’
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