ABSTRACT

This study intends to provide an overview of the legislations framing the re-structuring of the Turkish energy in particular electricity sector and markets in the post-1980 period. The period, of course describes the neo-liberal transition of a developing economy and can roughly be analyzed in two sub-periods: The first period, 1980-2000, dominated by the principles of `Washington Consensus`, is mainly characterized by a gradual opening up of the economy towards full integration with the world commodity and financial markets. The post-2001 era is the second phase of the neoliberal restructuring of the Turkish economy, this time shaped in line with the `Post-Washington Consensus`: good governance through strong market-regulating institutions as well as consumer protection and competition regulation. Such restructuring has shaped the economic policy making as well as the legislation framework under which these policies operate. This study provides an overview of the economic policy making and the legislative framework that have shaped the re-structuring in Turkish electricity markets during this period