The brand-new Turkish Energy Stock Market (EPİAŞ) will be launched at the 21st International Energy, Environment Fair and Conference, ICCI 2015, to be held in Istanbul this week.
EPİAŞ is designated to serve as the sole energy exchange of Turkey and will be integrated into Borsa Istanbul, the umbrella institution within which all the exchanges in Turkey operate.
It will begin trading in the electricity sector, including a wholesale market, emissions market and also financial settlement activities.
The launch of EPİAŞ will be held in a session called “EPİAŞ: Expectations, Targets, Priorities” with the participation of EPİAŞ head Hüseyin Savaş and other board members. Additionally, Fatih Birol, the head of the International Energy Agency (IEA), will deliver a speech at the conference.
According to an announcement in March, 30 percent of EPİAŞ shares, dubbed “Group A,” were dedicated to state-run Türkiye Elektrik İletim AŞ, which is in charge of carrying power to grid companies from power stations. Another 30 percent went to Borsa Istanbul, the Istanbul stock exchange. The remaining 40 percent of “Group C” shares were distributed to private companies.