Released September 17, 2013 | ISTANBUL
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Researched by Industrial Info Resources (Sugar Land, Texas)--Turkey's Energy Ministry Undersecretary Metin Kilci said that Turkey's 2013 electricity consumption may be lower than estimates of 255 billion kilowatt-hours (kWh). At an industry conference held in Istanbul, Kilci said that the weather conditions--especially temperatures much milder than last year's--may have resulted in lower consumption figures for the year's end. Turkey's established power generation capacity is 60,121 megawatts (MW).
"We have to double our power generation capacity at least until 2023," Kilci said. "This means that we have to invest about $12 billion minimum in electricity generation."
He also said that Turkey's state-owned distribution company Turkiye Elektrik Iletim AS (TEIAS) (Ankara, Turkey) will hold a 30% stake in planned energy bourse EPIAS. Borsa Istanbul will hold a 30% stake, while private-sector involvement in EPIAS will be about 40%, Kilci said.
Consumption & Generation
Meanwhile, electricity consumption in August has increased marginally by 0.6% from August 2012 to 21.7 terawatt-hours (TWh), which also is a 4.5% decline from last month. According to figures from TEIAS, electricity generation has declined 0.4% from August 2012 and 4.5% from last month to 21.1 TWh.
"Lackluster demand due to lower economic activity and unsupportive weather have weighed on demand, with higher contribution imports--2.9% of consumption in August 2013 vs. 2.5% a year ago--have led to even weaker generation figures," said Koray Pamir, an energy analyst at Deutsche Bank, based in Istanbul.
Renewable generation surged 22% from August 2012 and 2% from last month to 6.2 TWh, driven mainly by the 52% yearly increase in wind power generation. Also, the 17% increase in hydroelectric power generation from August 2012 was mainly due to new capacities that have come online in the last year.
On the pricing front, the peak spot electricity prices increased 2.3% from August 2012 to $84.34 per MWh in August while weighted spot prices averaged $81.32 per MWh, a 2.4% yearly decline.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
"We have to double our power generation capacity at least until 2023," Kilci said. "This means that we have to invest about $12 billion minimum in electricity generation."
He also said that Turkey's state-owned distribution company Turkiye Elektrik Iletim AS (TEIAS) (Ankara, Turkey) will hold a 30% stake in planned energy bourse EPIAS. Borsa Istanbul will hold a 30% stake, while private-sector involvement in EPIAS will be about 40%, Kilci said.
Consumption & Generation
Meanwhile, electricity consumption in August has increased marginally by 0.6% from August 2012 to 21.7 terawatt-hours (TWh), which also is a 4.5% decline from last month. According to figures from TEIAS, electricity generation has declined 0.4% from August 2012 and 4.5% from last month to 21.1 TWh.
"Lackluster demand due to lower economic activity and unsupportive weather have weighed on demand, with higher contribution imports--2.9% of consumption in August 2013 vs. 2.5% a year ago--have led to even weaker generation figures," said Koray Pamir, an energy analyst at Deutsche Bank, based in Istanbul.
Renewable generation surged 22% from August 2012 and 2% from last month to 6.2 TWh, driven mainly by the 52% yearly increase in wind power generation. Also, the 17% increase in hydroelectric power generation from August 2012 was mainly due to new capacities that have come online in the last year.
On the pricing front, the peak spot electricity prices increased 2.3% from August 2012 to $84.34 per MWh in August while weighted spot prices averaged $81.32 per MWh, a 2.4% yearly decline.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
