Regulating Electricity Markets via Competition Regulation Rather than Sector-Specific Regulation : What are the Consequences in Turkey?

Great efforts have been made in many countries, including the EU Member States, other developed countries, developing economies, and also Turkey, to liberalise electricity markets and create a competitive business environment. Moreover, the EU has a specific agenda for liberalizing energy markets and creating competitive electricity markets.Liberalization and privatization have been among the main subjects of political debate and part of government agendas in many countries. Once the liberalization and privatization process had been completed in these countries, there was an expectation that a very competitive electricity market would emerge. However, even though the final aim of reaching competitive electricity market was clear, finding an efficient legal methodology and implementation of regulation for building competitive market has been problematic