Newsletter-21

297 ENERGY LAW Key Points Regarding the Regulation on Certification and Support of Renewable Energy Resources* Att. Ece Yilmaz Introduction Various investment incentives are adopted in order to encourage investments in the field of renewable energy resources, and to prevent potential investors’ hesitation to enter the electricity generation market due to high investment costs. Renewable Energy Resources Support Mechanism (“YEKDEM” or “YEK Support Mechanism”) has been established in an attempt to promote investments regarding renewable energy resources in Turkey. Within this context, the Regulation on Certification and Support of Renewable Energy Resources (“YEK- DEM Regulation”) that was issued in accordance with the Law on the Use of Renewable Energy Resources for Electric Energy Generation numbered 5346 (“YEK Law”) 1 , entered into force through publication in the Official Gazette dated 01.10.2013, and numbered 28872. This newsletter article examines the provisions of the Regulation in ques- tion. Renewable Energy Resources (“YEK”) Support Mechanism YEK Support Mechanism has been defined under subparagraph (s) of the 3rd paragraph of the YEKDEM Regulation. According to this definition, the YEK Support Mechanism is a mechanism setting forth principles and procedures regarding prices 2 , terms and payment models to exclusively be applied to generation license holder legal * Article of March 2016 1 The Law on Use of Renewable Energy Resources for Electric Energy Generation has been published in the Official Gazette dated 18.05.2005 and numbered 25819. 2 The prices to be applied to the facilities within the body of YEKDEM, are numer- ated under the Schedule Number I of the YEK Law. As per Art. 6 of the YEK Law, such prices are determined by the Council of Ministers.