A Test For Turkish Electricity Market: Fraud-Based Manipulation

Turkish electricity market is rapidly transforming a competitive open market by consistent privatization and liberalization policies of Turkish government. In line with these regulations, a manipulation risk has been revealed which restricts advantages of privatized market. Recent reforms have indicated to market players a horizontal structure will dominate the energy markets while it was completely vertical and state-controlled in the recent past. Turkish government commenced this process with privatization of electricity distribution and small sized generating companies. The fact remains that mainstream of this strategy is increasing the competition on wholesale and retail markets.