Capacity Mechanism Support in Energy Triples

In Turkey, the support for energy capacity mechanism tripled to 13 billion Turkish liras in 2024. Allocated under the capacity mechanism implemented to ensure electricity supply security and support the sustainability of production plants, the funds allocated saw a threefold increase compared to the previous year in 2024, with natural gas plants receiving the largest share of support. According to data from Turkey’s Electricity Transmission Corporation (TEİAŞ), out of the total payment made throughout the year, 8.09 billion liras were allocated to natural gas plants, 4.53 billion liras to local coal plants, 218 million liras to imported and local natural gas plants, and 157 million liras to imported and local coal plants. The highest support payment for natural gas plants was recorded in December with 1.21 billion liras, while the largest payment for local coal plants was made in August with 653 million liras. In 2023, approximately 4 billion liras were paid nationwide, increasing by 225% last year to reach about 13 billion liras. Thus, during this period, capacity mechanism supports tripled.