Reforming Turkish Energy Markets Political Economy, Regulation and C

Turkey has been reforming its energy markets since the 1980s, culminating in two major bills in the early 2000s. The country has restructured electricity and natural gas markets, establishing an independent regulatory agency (EMRA) and passed legislation

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Izak Atiyas Tamer Çetin Gürcan Gülen •



Reforming Turkish Energy Markets Political Economy, Regulation and Competition in the Search for Energy Policy

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Gürcan Gülen Bureau of Economic Geology University of Texas at Austin 1801 Allen Parkway Houston, TX 77019 USA

Izak Atiyas Arts and Social Sciences Sabanci University 34956 Istanbul Turkey Tamer Çetin Department of Economics Yildiz Technical University Yildiz Kampusu 34349 Istanbul Turkey

ISBN 978-1-4614-0289-3 DOI 10.1007/978-1-4614-0290-9

ISBN 978-1-4614-0290-9

(eBook)

Springer New York Heidelberg Dordrecht London Library of Congress Control Number: 2012934654 Ó Springer Science+Business Media New York 2012 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)

Acknowledgement

The authors would like to thank Deg˘er Boden Akalın and her colleagues at Boden Law Office, Tuncay Babalı, Haluk Bilgiç, Ercüment Camadan, Sibel Çetinkaya, Erkan Erdog˘du, Prof. Mustafa Özcan Ültanır and Ceren Uzdil for many helpful conversations, comments and suggestions. We have benefited greatly from their knowledge and advice. Research on energy markets in Turkey owes a lot to the pioneering efforts and contributions of Prof. Dr. Osman Sevaiog˘lu, which we gratefully acknowledge. Thanks are also due to Deniz Sanin for excellent