WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 177
MARKET
DATA
In May 2024, Turkey and the World Bank signed an agreement for $1 billion program to support renewable energy expansion efforts,. The program is expected to help establish and expand Turkey's
market for distributed solar energy and pilot a program for battery storage.
The energy market in Turkey is primarily governed by The Ministry of
Energy and Natural Resources (MENR), which has been responsible for
supervising market activities and determining the energy and natural
resources requirements.
3%
CO2 Emissions (million tons of carbon dioxide)
4%
Electricity mix chart
Coal
6%
471.9
480
The Energy Market Regulatory Authority (EMRA), is the main regulatory
authority for the electricity, natural gas, oil, and lique昀椀ed petroleum gas
markets. The General Directorate of Energy Affairs (EIGM), acts as the
main policy-making body, takes measures regarding energy policies, and
coordinates programs
464.0
Natural Gas
10%
36%
460
440
420
0
2022
Source: Statistical Review of World Energy 2024
Source: Statista , Statistical Review of World Energy
2024
New Generation Capacity - Solar (in GW)
30.0
30
60
20
1%
53.0
6%
2023 Electricity consumption by sector
50
11.7
10
40
0
2023
21%
2023
20
45%
11.3
Transport
27%
0
Türkiye has a semi-liberalized and moderately regulated market. Energy
Exchange Istanbul (EXIST) is Türkiye’s electricity spot market, which
manages day-ahead and intraday markets where 40% of electricity is
traded among 854 market participants
Sources:
https://www.reuters.com/sustainability/climate-energy/world-bank-turkey-signs-1-bln-renewable-energy-program-2024-05-16/
https://www.energyinst.org/_ _data/assets/pdf_file/0006/1542714/EI_Stats_Review_2024.pdf
https://www.statista.com/statistics/1371736/turkey-electricity-generation-by-source/#:~:text=In%202023%2C%20the%20highest%20volume,of%20
electricity%20in%20the%20country.
https://ember-climate.org/insights/research/turkiye-electricity-review-2024/
https://www.enerdata.net/estore/energy-market/turkiye/#:~:text=Total%20Energy%20Consumption,hikes%20in%20transport%20and%20industry.
https://icapcarbonaction.com/system/files/ets_pdfs/icap-etsmap-factsheet-66.pdf
https://carbonpricingdashboard.worldbank.org/
https://ember-climate.org/insights/in-brief/hybrid-plants-push-solar-capacity-past-wind-in-turkiye/
https://www.trade.gov/country-commercial-guides/turkey-electric-power-renewables-smart-grid-energy-storage-civil-nuclear
Services
Residential
10
Source: IRENA, Internal Forecast
Türkiye’s transmission lines connect to 21 distribution grids operated by
private companies. These 21 distribution grid companies operate
approximately 71,000 Km of distribution lines. One of the aims of
distribution system operators (DSOs) or electric distribution companies
(DISCOs) is to increase the e昀케ciency of the existing grids by either
replacing the old transformers or lines and/or installing smart grid systems
Industry
21%
30
2030
2023
2035
Others
Sources: Enerdata
Sources: IRENA, Ember
Public Utilities
•
•
Private Utilities
EUAS, Electricity Generation
Corporation is the major
state-owned electricity
generation company in
Turkey.
•
EUAS holds 20% share of
the total market.
•
Major private utilities
include:
- ENKA
- Enerjisa Enerji
- Zorlu Enerji
Share of private sector in
electricity generation
increased to 80%.
Carbon Pricing: ETS
Turkey has been preparing for the use of carbon pricing instruments to help achieve its
mitigation targets with e昀昀orts gathering pace in 2023.
These include the submission of an Updated First NDC, which has explicit references to the
Turkish Emission Trading System (TR ETS), and an announcement from the Directorate of
Climate Change (DoCC) during COP28 that a pilot ETS is planned to launch in October 2024
with the publication of the National Allocation Plan
Sources: World Bank Group= Carbon pricing dashboard
WEMO 2024
New Generation Capacity- Wind (In GW)
Solar
Geothermal
Others
20%
2021
Hydropower
Wind
457.1
177
Turkey
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