EPİAŞ

Energy Exchange Istanbul
Headquarters: Büyükdere Cd. No.199, 34394 Levent- İstanbul, Turkey
Location(s): Levent- İstanbul, Turkey
Date of foundation: 12 March 2015

CEO and Deputy Chairman of the  Board:

Mustafa Kayırıcı

Traded commodities and traded volumes in 2016: Day Ahead Market: 114,05 TWh

Intraday Market: 839.381 MWh

Current number of employees (January 2017): 160
Annual report(s): EPİAŞ 2015 Annual Report (in Turkish)
Website: epias.com

About

Energy Exchange Istanbul (EXIST) is an energy exchange company legally incorporated under the Turkish Electricity Market Law and enforced by the Energy Markets Operation License granted by the Energy Markets Regulator Authority (EMRA) of Turkey. EPİAŞ is responsible for managing and operating energy markets, including power and gas commodities. EPİAŞ ensures transparent, reliable and trustable market conditions as well as an equal access for all market participants by providing a counterparty guarantee of the transactions.

Following the settlement calculations and in line with the participants’ intra-day balancing practices as well as for every day of a billing period, EPİAŞ- in accordance with Takasbank- will notify participants regarding the daily down-payments and the following day’s day-ahead market’s down-payment statements, which involve amounts either payable to EPİAŞ by participants or vice versa.

Market settlement is performed by the market operator EXIST in a fast, reliable and transparent manner.

Shareholder Structure

  • TEIAŞ (TSO): 30%
  • Borsa İstanbul (BIST): 30%
  • Market Participants: 40%

Member of the Europex General Assembly

Mustafa Kayırıcı, CEO of EPİAŞ

CV Mustafa Kayırıcı

Mustafa Kayırıcı was born in Andırın, Kahramanmaraş in 1968. He completed his primary-secondary and high school in Osmaniye, Adana. He graduated from Istanbul Technical University as Mechanical Engineer in 1990. Following graduation, he started to work as a software engineer in Albaraka Turk data processing unit. From 1990 to 1994, he was active in Banking and Finance related application development projects within the same institution. He continued his career as an entrepreneur in 1994. He managed large-scale projects undertaken by a team of 150 people who developed solutions from software to hardware, from security to network infrastructure in the field of information technologies. Some of these large-scale projects are IGDAŞ Natural Gas Automation System, EDOS Electricity Distribution Automation System, Al Baraka Renovation of Turkish Banking and Finance Package and Millennium Yearly History Project, BİSARES IDO Ticket Sales and Reservation Project. From 2006 to 2009, he worked as a Cable TV Director at Turksat Satellite Communications and Cable TV Operations Company, affiliated to the Ministry of Transport, Maritime Affairs and Communications. During this period, he managed the operation and management of the cable TV network of 21 provinces and planned and implemented investments for call centre, software and internet infrastructures. In 2010, he led the creation of a joint venture software company to develop municipal solutions for local administrations. For 6 years, he assumed the position of Chairman and CEO of that company.

The Municipalities have received awards in the international competitions where they have participated with the products he and his team have developed. His contributions to municipalities of new generation products are MIS, GIS, CRM, Mobile and BI solutions.
In addition to his professional business life, he has also taken responsibilities in non-governmental organisations. He is a founding member of the Mavera Education and Health Foundation Trustee and Information Innovation Association, as well as a member of the Architect and Engineers Group.

He is fluent in English and is married with 3 children. Mustafa Kayırıcı serves as Deputy CEO of Energy Exchange Istanbul (EXIST) since 07 July 2017.

Close

Europex contact person

Avni Çebi, Strategy Development Director

Headquarters

General contact details:

  • EPİAŞ – Enerji Piyasaları İşletme A.Ş.

    Büyükdere Cd. No.199

    34394 Levent- İstanbul

    Turkey

  • +90 212 264 15 70
  • +90 212 269 01 12 / 13
  • corporate@epias.com.tr