Turkey's Electricity Market - Developments, Opportunities, Prospects

Article by Kazim Yilmaz, Levent Çelepçi and Burcu Özdamar

Turkey's electricity energy market, which accounts for about 2.5% of the Turkish economy, has been in a state of constant change in recent years. Turkey's electricity sector is attractive to many investors and shows enormous potential, triggered by the economic and population growth of the country. This recent development has been rapidly changing the rules of the game, pushing the electricity sector towards liberalisation and market actors towards fast adaptation to changing provisions.

With a constantly developing legal infrastructure, the recent liberalisation and the establishment of an autonomous regulatory authority, the Energy Market Regulatory Authority (EMRA), Turkey's electricity market has changed significantly.