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EMRA: 40 companies will pay back 11 billion liras

The Energy Market Regulatory Authority (EMRA) has decided to open an administrative investigation against 40 companies due to false notifications made to EPIAŞ by accident or intentionally and to pay back 10 billion 208 million 222 thousand 680 TL. It was stated that this amount, which exceeds TL 11 billion with interest, will be reflected directly to the consumers' bill as a cost reduction.

EMRA: 40 companies will pay back 11 billion liras

The Energy Market Regulatory Authority (EMRA) decided to pay back 10.2 billion liras as a result of the administrative investigation it initiated against 40 companies.

According to the Authority's statement on its website, it was announced that a penalty of 10.2 billion liras was imposed at the end of the investigation initiated due to false notifications made by sehven or intentionally to Energy Market Enterprise A.S.

The Maximum Settlement Price (AUF) mechanism, which was implemented by the institution in order not to disrupt the security of supply in the country and to protect our consumers from these cost increases, especially in the last months, in the international markets, reminded that the Maximum Settlement Price (AUF) mechanism was implemented by the institution. It was underlined that no power plant was shut down with the contribution of the AUF mechanism, and that the security of energy supply was not interrupted.

Payable with interest

"In a committee session held on Thursday; and under these agreements, the company inadvertently or intentionally untrue statement made by reason of an administrative investigation epias about 40 to 208 and 222 million 680 thousand TL 10 billion has decided to reimbursement of the statement" the statement exceeds this amount with the interest and penalties due to the nature of the mechanism auf 11 billion cost reduction as consumers directly be reflected on the invoice stated.

Paying Fridays to the related companies via the “registered electronic mail” (KEP) of the refund instruction transmitted in the statement, it was stated that the administrative investigation related to the companies in question will be carried out meticulously by the institution.

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