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Europe

Turkey

With a power score of 2.29, Turkey ranks number 19 among Emerging Markets and number 6 in the Europe region

Power score

2.29/5

135135135

Score over time

2021 - 2024

37
2021
40
2022
7
2023
19
2024

Overview

Turkey has a power score of 2.29, which puts it at rank 19 in the Emerging Markets power ranking. In comparison to 2023, Turkey has dropped in the power rankings by 12 places, from rank 7, to rank 19.

At 2.29, the power score of Turkey is worse than than the regional average of NaN in the Europe region and puts it at rank 6 in the region.

Regional comparison chart

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Turkey

Power

Power policy

Turkey implements policies in 5/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Net metering, and VAT incentives.

Power policies

Renewable energy target
Renewable energy auction
Feed-in tariff
Net metering
Import tax incentives
VAT incentives
Priority grid access
Renewables mandate
Renewable Energy Certificates

Power prices and costs

The average electricity price in Turkey has dropped from 163.51 USD/MWh in 2022 to 122.84 USD/MWh in 2023. Since 2017, the average electricity price in Turkey has fluctuated between 83.63 USD/MWh (2017) and 163.51 USD/MWh (2022).

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Power market

The top amount of capacity installed in Turkey in 2023 was in Natural Gas at 22.9%, down from 24.3% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - commercial at 5.3%, up from 2.79% in 2022.

Installed capacity (in MW)

20002005201020152020020K40K60K80K100K120K MW

Electricity generation (in GWh)

200020052010201520200100K200K300K GWh

The top amount of electricity generated in Turkey in 2023 was in Coal at 36.42%, up from 34.91% in 2022.

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Investment in clean energy in Turkey was around $4,934.86 million in 2023, an increase of 69.17% from 2022 ($2,917.17 million). Between 2018 and 2023, the highest investment in clean energy was in 2018 at $5,011.75 million, while the lowest was in 2021 with $1,637.97 million.

Utility privatisation

Which segments of the power sector are open to private participation?

generation: Yes
transmission: No
retail: Yes

Doing business and barriers

Type

Question

Availability

Currency of PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

No

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Yes

Type

Question

Availability

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

Yes

Type

Question

Availability

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly�increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

Yes

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