How Is Turkish Energy Exchange Performing?

Energy Exchange flourished in Europe from the late 1990's with the liberalization legislative packages influencing the way, in which energy is traded. Today they are the vital part of Europe energy markets, and still will be in the EU Internal Energy Market.^[1] Similarly, with the development of Turkish energy market and its liberalization via privatizations after 2000's, Turkey has taken important steps to regulate its own energy market operations. Market operation activities are defined under the Electricity Markets Law^[2] ("EML") as (i) the operation of organized electricity wholesale markets, (ii) financial settlement transactions of the activities carried out in these markets and (iii) other financial transactions with respect to the said activities.