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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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  • Erdogdu, Erkan, 2007. "Regulatory Reform in Turkish Energy Industry: An analysis," MPRA Paper 19100, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19100
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    More about this item

    Keywords

    Turkish energy market; Regulation; Restructuring;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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