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YEKA SPP-3 (Mini YEKA) price analysis from 2021 to 2022

In May 2021, under YEKA SPP-3, the SPP capacity allocation tender for 1000MWe in total with 74 different projects in 36 different provinces was finalized. Full details on the tenders can be found here. According to the tender documents, the winning price is revised every 3 months according to the following tender document formula.

According to the formula, the winning price started to run in July 2021. The first change took place in October 2021 and the second change took place in January 2022. Based on the initial price as an 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
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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