Europe
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
Score over time
2021 - 2024
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.
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.
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).
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.
The top amount of electricity generated in Turkey in 2023 was in Coal at 36.42%, up from 34.91% in 2022.
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.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly�increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.