Business

Turkey: ₺75 billion investment in electricity distribution infrastructure

Electricity Distribution Services Association (Elder) President Kivanc Zaimler met with members of the press to evaluate the agenda in the electricity distribution sector. Zaimler stated that they started a very important investment move as distribution companies and said, “We will spend ₺75 billion for the renewal of our distribution infrastructure and ₺12.5 billion for its maintenance. We have started a historic investment move to provide our people with uninterrupted and high-quality electricity service in a real sense.”

Answering the questions of the members of the press, Zaimler also conveyed the latest developments in the sector. Zaimler said, “In periods when demand increases and energy production from renewable sources decreases due to climatic reasons, natural gas and electricity production increase. When the cost of natural gas, which is traded in dollars in international markets, increases, these increases are reflected in energy costs and therefore on bills. We are experiencing this today.”

COMPANIES CANNOT SET PRICES

Explaining that the activities of distribution and assigned supply companies are subject to regulation, Zaimler continued as follows: “The revenues of these companies are determined by the regulatory agency in 5-year periods. These revenues are determined in a transparent manner over rational costs, taking into account the consumer benefit. The targets given to these companies, focusing on consumer satisfaction, service and network quality, are revised more and more every year. Therefore, distribution or supply companies cannot set prices, demand price changes, or even reflect any price to the consumer arbitrarily.”

Source: Sabah / Translated by Irem Yildiz

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