13 Mar 2017
Turkey’s Energy Market Regulatory Authority (“Authority”) has introduced changes to official names, types and Custom Tariff Statistics Position (“CTSP”) numbers, as well as classifications for marketable petroleum products. The Authority has also announced official names for marine and aviation […]
8 Mar 2017
Turkey’s Energy Market Regulatory Board (“Board”) has announced procedures and principles for natural gas connection and service fees, as well as maximum connection rates and service fees for 2017. Decisions numbered 6807 and 6810 were issued on 26 December […]
6 Mar 2017
Turkey has amended legislative arrangements for electricity consumer tariffs. Changes apply to pricing methods for consumers to use electricity distribution systems, expanded definitions for technical and non-technical electricity leakage and losses (now including losses caused by illegal uses), as […]
2 Mar 2017
Turkey has increased administrative fines relating to electricity, natural gas, petroleum and liquefied petroleum gas by 3.83% for 2017. The revised rates will apply for administrative fines issued between 1 January 2017 and 31 December 2017. The increases are […]
1 Mar 2017
In Turkey, electricity consumers are only entitled to choose their electricity suppliers if their energy consumption at the location exceeds a certain threshold (“Eligible Consumers”; more). The Energy Market Regulatory Authority has made changes to the processes for Eligible […]
27 Feb 2017
Turkey’s Central Bank has updated the default interest ratio to 10.75% for late payments made to creditors in the context of commercial transactions for goods and services. The minimum compensation amount which creditors can claim for recovery cost has […]
23 Feb 2017
Turkey’s Energy Markets Regulatory Authority (“Authority”) has amended how distribution and bunker fuel delivery license holders in the petroleum market must prove they meet the minimum asset thresholds. From 2018, such license holders will be able to submit the […]
16 Feb 2017
Turkey’s Energy Market Regulatory Authority (“Authority”) has amended tariff-calculations for Liquefied Natural Gas storage companies. Amendments apply particularly to the Authority’s consideration of operating expenditures changes, as well as determining the tariff which will apply if a license or […]
9 Feb 2017
Transition Period for Electricity Generation Facilities Extended in Turkey Turkey’s Ministry of Energy and Natural Resources has extended the transition period for acceptance procedures applicable to electricity generation facilities, from 6 November 2016 to now be 31 March 2017. […]
6 Feb 2017
From 1 January 2017, employers must enrol all employees into an Individual Pension System if they are under 45 year’s old and Turkish citizens. Employees can terminate their enrolment in the pension scheme within two months of being notified […]
