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YEKA SPP-3 (Mini YEKA) Price Analysis from 2021 to 2022

In May 2021, within the scope of YEKA SPP-3, a total of 1000MWe SPP capacity allocation competition was finalized with 74 different projects in 36 different provinces. You can find all the details about the competitions here. According to the specifications, the winning price is revised every 3 months according to the following formula in the specifications.

According to the formula, the winning price started to operate in July 2021. The first change occurred in October 2021 and the second change occurred in January 2022. Based on the initial price as index value, there is an increase of 17.76% in TL terms and a decrease of 25.33% in USD terms as of January 2022.

If we consider the winning bid as 25kr/kWh, the sample price change is as follows.

Year Moon kr/kWh TL % $cent/kWh USD %
2021 July 25.00 – 2.90 –
2021 October 26.66 6.63% 2.92 0.48%
2022 January 29.44 17.76% 2.18 -25.33%

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