Turkey is mired in an economic and monetary crisis. Ankara is now seeking to relieve the pressure of rising energy costs. With this in mind, the state-owned power producer EÜAŞ issued a tender that was eventually cancelled.
Turkey wants to lower electricity prices
Indeed, in response to this cost increase,EÜAŞ has issued a tender to reduce price pressure and bring down the cost of electricity. Under this framework, EÜAŞ would have purchased electricity from private power plants before reselling it at low prices to retail distributors.
However, the EÜAŞ announced on Monday that it was withdrawing this tender. The Turkish producer’s website does not specify the reason for the cancellation, but a senior official explains that the bids submitted did not meet expectations. An anonymous source states:
“From now on, the type of path that will be followed to reduce electricity prices will be reassessed. If this system had worked, it was expected to reduce prices.”
Turkey must therefore find a new solution to reduce the cost of electricity.