The use of system prices to be implemented by Baskent Electricity Distribution Company through 1 September 2003 are stated in the table below.

The below prices do not include charges arising from the transmission tariff. While charging the Distribution Use of System Prices, Baskent Electricity Distribution Company shall separately show the charges arising from the transmission tariff.

CUSTOMER GROUPS

Distribution Use of System Price

(TL/kWh)

INDUCTION AND ARC FURNACES

14.600

INDUSTRY

15.900

DRINKING AND USAGE WATER

15.550

TREATMENT FACILITIES

15.900

COMMERCIAL SITES, OFFICES, GOVERNMENT OFFICES, CONSTRUCTION SITES AND TEMPORARY CUSTOMERS

19.050

REFRIGERATED WAREHOUSES FOR AGRICULTURAL PRODUCTS

15.550

RESIDENCES            

16.700

Charities, Associations, Foundations, Museums, Public Schools, State-owned Dormitories, Public Universities, Public Vocational Schools, Public Training Courses, State-owned Medical Institutions, Public Sports Facilities, Fish Farms and Poultry Farms

16.700

FAMILIES OF MARTYRS AND VETERANS

16.350

AGRICULTURAL IRRIGATION

15.550

ILLUMINATION OF SANCTUARIES, GENERAL LIGHTING

15.550

For the year 2003, there shall be no increases in the Distribution Use of System Prices determined on the basis of customer groups, unless monthly CPI increases, as announced by the State Institute of Statistics, reach 20% cumulatively. In case the cumulative monthly CPI increase exceeds 20%; and in case there is a change in the macroeconomic indicators that form the basis of the General Investment and Financing Decree issued by the Undersecretariat of Treasury for the year 2003; or in case Baskent Electricity Distribution Company proposes changes to the tariffs due to other reasons, new tariffs shall be implemented, subject to Energy Market Regulatory Board approval.