EPIAS: Energizing Turkey's Energy Market with Expansion and Innovation

Turkish energy bourse EPIAS plans to diversify its operations, eventually considering an IPO. Energy Minister Alparslan Bayraktar announced potential expansions, including a carbon and commodities market, aiming for a carbon-pricing system by 2026. Current shareholders include TEIAS and Borsa Istanbul.

The Turkish energy exchange platform, Enerji Piyasalari Isletme A.S. (EPIAS), is poised for significant growth in the upcoming years, potentially setting the stage for an initial public offering (IPO), according to Turkey's Energy Minister Alparslan Bayraktar. Speaking at the Atlantic Council conference in Istanbul, Bayraktar indicated EPIAS's current focus on handling wholesale electricity and natural gas markets would soon broaden.

Minister Bayraktar emphasized the government's aspiration for Turkey to become a carbon-pricing nation by 2026, facilitated by the establishment of a carbon market within EPIAS. Additionally, plans to initiate a commodities market are also on the agenda, marking a significant step in diversifying Turkey's energy landscape.

Despite the exciting prospects, Bayraktar clarified that an IPO is not immediate when questioned by Reuters but remains a possibility once the outlined expansions stabilize. Currently, EPIAS's shareholders include Turkey's transmission grid operator TEIAS, the stock exchange Borsa Istanbul, and other exchange member companies, anchoring its foundation in the country's energy and financial sector.

(With inputs from agencies.)