The power exchange in Turkey will start operate until the end of the year

The preparations for the development of energy exchange will complete in six months, and it will be operational, - said the head of the Energy Market Regulatory Authority of Turkey (EPDK) Gektash Hassan, - said the newspaper Zaman.

According to him, the government will own no more than 15 percent of the shares of energy exchange.

Gektash noted that the creation of energy exchange will stabilize the price of electricity in the country and will also contribute to the regulation of prices for import and export of electricity.

Earlier in June 2012 Turkey's state-owned electricity transmission company (TEİAŞ) has signed an agreement with the European Energy Exchange to establish energy exchange in Turkey.

It was also reported that on the energy exchange in the first phase only Turkish companies producers and consumers of electricity will be presented. Then participation of countries that are part of the European Network of Transmission System Operators for Electricity (ENTSO-E) will be possible.