EMRA launches investigation into power suppliers claiming overbidding

Turkish regulator EMRA initiated an investigation for some power suppliers claiming overbidding on the spot market. “We found out that some power suppliers submitted their bids far above their actual demand and deteriorated the market structure. Therefore, we initiated an investigation on the hourly bids,” noted the statement sent to Enerji IQ.

“Submitting more purchase offers than the acceptable consumption forecast causes an unnecessary increase in the purchase amount. These purchases, which do not have a counterpart in the physical market and go unconsumed, cause different perceptions in the market structure and affect commercial decisions,” the statement continued.