Energy Sector About to Go Bankrupt Due to Wrong Decisions

The Energy Sector Is About To Go Bankrupt Due To Wrong Decisions
Energy Sector About to Go Bankrupt Due to Wrong Decisions

CHP Deputy Chairman Ahmet Akın argued that in addition to the wrong policies implemented in the energy field and the exorbitantly rising bills, they also created a big quagmire in the energy sector.

CHP Deputy Chairman Ahmet Akın; He stated that the wrong privatization policies and wrong decisions taken by the AK Party government in the field of energy with the promise that it will be cheap and of high quality have put the energy sector in a big dead end in 10 years. Akın from CHP; While the private distribution companies, whose debt burden has increased since almost the beginning of 2022, do not make the transmission fee payments to TEİAŞ; TEİAŞ also does not make payments within the scope of the capacity support mechanism to private generation companies on the grounds of financial difficulties. The inability to make payments of billions of lira creates a great dilemma in the sector," he said.

CHP Deputy Chairman Ahmet Akın pointed out that the wrong policies implemented by the AK Party in the field of energy created a great quagmire in the energy sector as well as the exorbitantly rising bills. that private distribution companies cannot make payments to the public; Pointing out that the public also cannot make support payments to private generation companies, Akın from CHP briefly expressed the following regarding the impasse experienced by the energy sector:

Capacity payments cannot be made to companies

“The energy sector, which was privatized by the AK Party with the promise of being cheap and of high quality, has been in a stalemate in about 10 years. Today, all electricity distribution and approximately 85% of production are privatized in Turkey. The government that presents the decrease in the share of the public as a success; Today, the capacity mechanism made to ensure supply security has become unable to make support payments. It is stated that the payments announced every month have not been made regularly since February 2022. It is stated that the amount of payment that TEİAŞ cannot make at the moment is around 1 billion liras in total.

Companies do not pay the transmission fee to TEIAS

It is stated that the public does not pay the capacity mechanism supports to the private companies, and that the private distribution companies have not fulfilled the payments they should make to the public for months. It is stated that most of the 21 distribution companies in Turkey do not pay the transmission system usage fee that they have to pay to TEIAS. out of 21 distribution companies, only 4 made the transmission fee payment to TEİAŞ; It is stated that the remaining 17 distribution companies do not pay the transmission fee. It is stated that the total amount of transmission cost that distribution companies have to pay to TEİAŞ is approximately 6 billion TL.

Both the industry is sinking and the bills are not falling

Supply companies in the energy sector; It is stated that due to the difference between electricity generation costs and the national tariff, it has borrowed TL 2022 billion until May 23. It is stated that if electricity generation costs do not decrease, companies will borrow a total of 50 billion TL by the end of the year. This is an indication of the fact that the AK Party government has dragged the energy sector into debt swamp with the wrong decisions it has taken for 20 years, and that despite being a fundamental right, millions of citizens experience energy poverty. Due to these decisions taken by the government, neither the invoices nor the sector attains a structure that will ensure the security of supply in Turkey.”

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