The Sunday outlook for Turkey’s wholesale electricity market shows a notable decline, continuing a downward trend that began the prior day. The market price stands at 111.35 euros per megawatt hour (MWh), signaling a drop in value that broadens the recent streak of price decreases. This marks the fifth consecutive day of lower prices in the wholesale market, illustrating how volatility in energy markets can relent for short stretches at a time.
As a result, traders and households evaluating the weekly grid cost can expect a substantial shift. The Sunday average price of the wholesale pool is projected to be significantly lower than the Saturday level, reflecting a reduction of over 153.45 euros per MWh from the previous day according to data compiled by the Iberian Energy Market Operator (OMIE) and summarized by Europa Press. This provides a clearer picture of how day-to-day shifts in supply and demand influence the final delivered price to consumers.
The highest hourly price for Sunday is forecast to occur between 20:00 and 21:00, reaching 191.54 euros per MWh, while the lowest hourly price is projected for the 15:00 to 16:00 window, at 3.70 euros per MWh. These hourly extremes help illustrate the wide swings that can occur within a single day and how they affect pricing for different consumption periods.
Compared with the same period last year, Sunday prices show a significant rise when viewed in a longer horizon. The current Sunday pool price is notably higher than last year’s figure of 64.19 euros per MWh observed on a comparable date, highlighting how market dynamics can shift across annual cycles and external factors such as market behavior and regulatory changes can influence price levels.
The term pool prices play a crucial role in the overall electricity market as they directly influence regulated tariffs, including the PVPC, which serves as a reference for millions of households and small businesses across the country. This mechanism underpins the choice between regulated rates and free-market options, shaping the way consumers experience electricity costs as markets evolve and competition unfolds in the sector.
Industry regulators have already observed this impact, noting that a portion of consumers opted to move from PVPC to fixed-price offers in the free market amid price fluctuations in 2021. This shift reflects consumer responses to volatility and the desire for price certainty in the face of ongoing energy market dynamics.
Measures to reduce the price of the receipt
In response to the energy market pressures and the broader geopolitical context, the government unveiled a national plan aimed at mitigating the effects of the war in Ukraine. The package included extending tax relief on electricity bills through the following year and expanding the reach of targeted support to more households, expanding social subsidies to help more families manage energy costs. These steps are designed to cushion the impact of price movements on households that rely heavily on electricity, particularly during peak periods.
Additionally, an earlier and extraordinary adjustment to the regulated fee regime for renewable energy, cogeneration, and waste management was approved, accompanied by substantial funding to support the electricity system. This adjustment aligns with efforts to manage incentives for clean energy and ensure the continued operation of essential green energy projects that feed the grid with low-carbon power.
Another key part of the plan extends temporary measures to ease gas costs and reduce extraordinary profits in the electricity market. The scope covers fixed-price contracts and forward-looking arrangements, especially when prevailing prices exceed certain thresholds. This approach aims to stabilize bills while maintaining supply security and encouraging energy efficiency across sectors.
There is also coordination with neighboring regions to consider broader European approaches. A preliminary proposal has been discussed with the European Commission to explore a gas reference price that could help lower electricity costs across member states. This collaborative effort reflects how regional policy alignment can influence electricity pricing and market stability, benefiting households and businesses alike.
These measures collectively signal a sustained effort to balance affordability with the region’s commitment to maintaining a resilient and clean energy system. As the market continues to react to global events and shifting supply dynamics, policymakers and regulators will continue to monitor the outcomes, ready to adjust strategies to protect consumers while promoting investment in sustainable energy sources.