Turcas Power Trading
Established in 2000, Turcas Power Trading obtained the first private sector wholesale power trading license in Turkey on June 5, 2003. Turcas Power Trading (TETSAŞ) is a subsidiary of Turcas Energy Holding. TETSAŞ aims to wholesale and trade, in the domestic and overseas markets, the power supplied by the installed capacity owned by Turcas Energy Holding and its subsidiaries, in addition to the electricity acquired through bilateral supply agreements in order to grow its portfolio in a balanced and profitable fashion.
TETSAŞ’s primary mission is to:
- Ensure that power generation facilities operate at optimal efficiency and with high availability rates;
- Make the best use of the advantages of Turkey’s strategic position as an energy bridge;
- Contribute to the domestic and international competitiveness of industrial and commercial enterprises in Turkey that qualify as eligible consumers by supplying them with long-term, reliable energy under the most attractive terms;
- Create value through physical and financial trading of power by entering into bilateral supply and sales agreements.
The company aims to sustain its growth momentum by expanding its activities in financial power derivatives in tandem with the increasing liquidity in response to the liberalization of the Turkish energy market. TETSAŞ increased its sales turnover once again in 2013 over the previous year, selling electricity to existing and new eligible consumers in its client portfolio and to market participants through bilateral contracts. The company continues to strive to create lucrative business volume by adding new suppliers and customers to its portfolio and to increase its profitability.