Turkey's energy watchdog 'creates' cheaper natural gas for consumers
Date
11/23/2015 5:26:52 AM
(MENAFN- The Journal Of Turkish Weekly) Turkey’s energy watchdog (EPDK) has paved the way for the distribution of cheaper gas to consumers through a new decision according to officials.
“A decision has been taken by our board to enable our consumers to get cheaper gas. Upon this decision a total of 69 gas distribution companies will be able to meet their gas demand from the national gas grid BOTA” said EPDK head Mustafa Ylmaz as quoted by daily Hürriyet.
According to the Natural Gas Markets Law No. 4646 the gas distribution companies at maximum can meet 50 percent of their gas needs from BOTA. With the new EPDK decision they will able to meet all of their needs from the grid.
“We saw that some of the distribution companies met their remaining gas demands by paying higher prices than the BOTA prices thus selling their gas to consumers at higher prices” he said explaining the EPDK’s reasoning. Now he added “none of these companies can claim that they meet their gas demands with [higher-priced gas] from elsewhere when setting high prices for consumers as they can purchase all of their gas from BOTA” Ylmaz added.
He noted that the EPDK will track whether these companies apply to BOTA to secure a cheaper gas supply.
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