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Regulatory Reform in Turkish Energy Industry: An analysis

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  • Erdogdu, Erkan

Abstract

The Republic of Turkey has initiated an ambitious reform program in the most important segments of her energy market; which requires privatization, liberalization as well as a radical restructuring of these industries. However, there is no consensus that the measures introduced are optimal. The present article attempts, first, to evaluate the regulatory framework created by the laws of 2001 in terms of economic efficiency considerations; and second, to determine what still needs to be done to improve the current situation. The paper not only provides an analysis of these reforms but also lists some policy suggestions. The study concludes that despite relatively good legislative framework, in practice, the reforms in Turkey are far from ideal as they are mainly in the form of “textbook reforms”; and therefore a significant amount of work still lies ahead of Turkey to set up a fully fledged energy market.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 19100.

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Date of creation: 2007
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Publication status: Published in Energy Policy 2.35(2007): pp. 984-993
Handle: RePEc:pra:mprapa:19100

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Keywords: Turkish energy market; Regulation; Restructuring;

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