Turkish electricity consumption increased by 4.6% in 2013 and reached 250 TWh, supported by growth in wealth, housing stock and industrial output. Electricity demand growth is forecast to average 3.0% annually until 2035. Gas-fired generation will continue to provide the largest share of electricity output in Turkey but the growth of coal-fired generation (5.4% per annum) will outstrip gas (2.3% per annum) over the forecast period. Nuclear generation will enter Turkey’s power mix in 2023 when .
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Due to their sensitivity to political events and the global economy, energy demand and trade remain extremely volatile. The rapidly changing cost environment for hydrocarbon production and renewable energy, combined with energy policy changes, means the fuel mix in energy markets can be unpredictable at best. Further complicating the outlook is the transition and pace of the energy-intensive developing world from industrial to services-based economic growth, supporting the growing need for power generation.
This Energy Markets Long Term Outlook report provides a multi-fuel supply and demand forecast supported by a breakdown of the key facts.
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Commodity market report | Sep 2014
Turkey energy markets outlook H2 2014 - power
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