Certain expiry dates under the Electricity Market Law (“Law”) have been extended in Turkey. Extensions apply to certain aspects of the price equalization mechanism, national tariffs, production license incentives, as well as budget allocations for lighting. The Council of Ministers issued Decree 2015/8317 on 14 December 2015, published in Official Gazette number 29572 on 24 December 2015, coming into effect on 1 January 2016.

Time periods for the price equalization mechanism, national tariff and implications of cross-subsidization in the national tariff are extended to 31 December 2020 (Provisional Articles 1(1) and 1(2) of the Law).

Incentives are now available until 31 December 2020 for legal entities which hold production licenses and are entering business for the first time (Provisional Article 4(1) of the Law).

General lighting expenses will be funded until 31 December 2017 under the budget of the Ministry of Energy and Natural Resources, as well as the budgets of the relevant municipalities and provincial administrations (Provisional Article 6(1) of the Law).

Please see this link for the full text of the Decree (only available in Turkish).

Information first published in the MA | Gazette, a fortnightly legal update newsletter produced by Moroğlu Arseven.