Spot market electricity prices for Tuesday, May 31

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.70 billion Turkish liras

The highest electricity price rate for one megawatt-hour on Turkiye's day-ahead spot market for Tuesday will be 2,750 Turkish liras between 09.00 and 11.00 local time (0600-0800 GMT) and between 13.00 and 21.00 local time (1000-1800 GMT), according to official figures on Monday.

The lowest rate is determined as 1,998.99 liras at 23.00 local time (2000 GMT), the figures showed.

The Energy Exchange Istanbul (EXIST) data for the trade volume on Monday's electricity market showed an increase of 17% to 1.70 billion liras compared to Sunday.

The arithmetical and weighted average prices of electricity on the day-ahead spot market are calculated as liras 2,551.30 and 2,571.85 liras, respectively.

The highest electricity price rate for one megawatt-hour for Monday was set as 2,750 Turkish liras at 08.00 local time (0500 GMT) and between 14.00 and 23.00 local time (1100-2000 GMT) while the lowest rate was determined as 1,184.82 liras at 12.00 local time (0900 GMT), the figures showed.

US$1 equals 16.39 liras at 1131 GMT on Monday.

By Nuran Erkul Kaya

Anadolu Agency

energy@aa.com.tr