Turkey Plans Variable Prices for Power Plants to Tame Inflation
Soaring energy prices was a key driving force behind the jump in annual consumer inflation to more than 54% last month.
Photographer: Kerim Okten/Bloomberg
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Turkey’s energy market regulator is set to impose variable rates for how much the nation’s power plants can charge for their output to mitigate for the impact of surging fuel prices and inflation at home.
The watchdog, known by its Turkish acronym EPDK, is planning a complicated mechanism that will introduce price ceilings for power producers depending on what fuel they use, according to people with direct knowledge of the matter, who asked not to be identified before the decision is announced.