Turkey’s Energy Market Regulatory Authority EPDK has announced a 16% discount on electricity prices for industrial users in Turkey. In addition, the EPDK lowered the electricity price cap in the free market from TRY 4,800/MWh to TRY 4,200/MWh. EPDK Chairman Mr Mustafa Yilmaz saidthat they expect electricity costs to decrease by 10-15% for industrial businesses that consume electricity at the price of electricity sold in the free market. Representatives of the Turkish steel industry had called on the government to take measures as soon as possible so that their competitiveness would not decrease further due to the low level of energy prices in Asia and the state aid for steel producers in the EU. Although the discount may not be sufficient, it will reduce Turkish producers’ costs to some extent. Some insiders expect reduction of USD 6-8 per tonne The approximately 50% increase in natural gas and electricity prices in Turkey in September resulted in a decrease in the competitiveness of the country's steel industry.
Turkey’s Energy Market Regulatory Authority EPDK has announced a 16% discount on electricity prices for industrial users in Turkey. In addition, the EPDK lowered the electricity price cap in the free market from TRY 4,800/MWh to TRY 4,200/MWh. EPDK Chairman Mr Mustafa Yilmaz saidthat they expect electricity costs to decrease by 10-15% for industrial businesses that consume electricity at the price of electricity sold in the free market. Representatives of the Turkish steel industry had called on the government to take measures as soon as possible so that their competitiveness would not decrease further due to the low level of energy prices in Asia and the state aid for steel producers in the EU. Although the discount may not be sufficient, it will reduce Turkish producers’ costs to some extent. Some insiders expect reduction of USD 6-8 per tonne The approximately 50% increase in natural gas and electricity prices in Turkey in September resulted in a decrease in the competitiveness of the country's steel industry.
