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$8.7 billion support pledged for domestic coal until 2030
The Turkish government has announced a purchase guarantee of $75 USD/MWh for 60% of electricity generated by domestic coal power plants until 2030, an incentive estimated to cost $8.7 billion. This guarantee is 12% higher than the average electricity sales price over the past year and 27% higher than the total costs determined by the Turkish Electricity Transmission Corporation (TEİAŞ). These payments will exist alongside an existing capacity mechanism that compensates plants for fixed and variable costs even when they are not generating electricity.
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