Increasing Industrial Competitiveness and Hedging against Fossil Price Volatility with Renewables in Turkey: Assessing the Co-Benefits of Decarbonising Turkey's Power Sector - August 2022 Update

Increasing Industrial Competitiveness and Hedging against Fossil Price Volatility with Renewables in Turkey: Assessing the Co-Benefits of Decarbonising Turkey's Power Sector - August 2022 Update

The executive summary of the report titled "Increasing Industrial Competitiveness and Hedging against Fossil Price Volatility with Renewables in Turkey: Assessing the Co-Benefits of Decarbonising Turkey's Power Sector" within the scope of the international COBENEFITS Project under the direction of the Istanbul Policy Center, was re-published considering August 2022 data.
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Executive Summary

The recent crises in energy markets, particularly natural gas procurement difficulties, has increased the wholesale electricity price in Turkey. The average wholesale electricity price from winter of 2019 up to spring of 2021 was 44 USD/MWh which was increased to 95.25 USD/MWh. The results in this report are updated results of the COBENEFITS Study “Increasing industrial competitiveness and hedging against fossil price volatility with renewables in Turkey”, accounting for the new trends in electricity prices.

Bibliographic Data

Publication Date

August 2022

Number of Pages

9

Authors
Dursun Bsş

Dursun Baş

Dursun Baş serves as a researcher and coordinator in the "Decarbonization of the Turkish Steel Sector Project" (2022-ongoing) and the "Promoting the Just Transition in Turkey Project" (2023-ongoing) conducted by IPC.

dursun.bas@sabanciuniv.edu
Ümit Şahin

Ümit Şahin

Ümit Şahin is Senior Scholar and the Head of Climate Change Program at Istanbul Policy Center. 

umit.sahin@sabanciuniv.edu