EMRA’s communiqués on the subject were published in the current issue of the Official Gazette. Accordingly, EMRA increased the fines in accordance with the relevant articles of natural gas, oil, LPG and electricity market laws at a revaluation rate of 9.11 percent effective from January 1, 2021.
Administrative fines to be imposed for violation of the relevant laws in 2021 will be between 944 TL and 2 million 376 thousand 415 TL in the electricity market, 1 million 44 thousand 625 TL and 2 million 89 thousand 265 TL in the natural gas market.
In violation of legislation, including the failure of independent surveillance firms authorized to oversee the national marker addition transactions in accordance with the Petroleum Market Law, a penalty of between 333 TL and 13 million 374 thousand 703 TL will be imposed on the LPG market. It will vary between TL 333 and TL 13 million 374 thousand 703.