Article by Selim Dündar and Alper Utaş
The notion expressing restructuring of the enterprises that
include the relevant network infrastructure for delivery of the
energy services to the consumers is called
"unbundling".1 Unbundling aims for separation
of competitive sections of vertically integrated structures from
non-competitive sections, so that such sections can be opened up
for competition.2 From the energy sector standpoint,
unbundling is generally understood as separation of different
market components such as generation, transmission, distribution
and/or marketing from each other.3
In order to have a better understanding of the notion of
"unbundling", it is important to understand the
horizontal and vertical integration from the perspective of
competition law. In the current work, firstly the concepts of
horizontal and vertical integration will be elaborated, then the
relationship between unbundling and competition will be addressed,
subsequently the
