Regulation of Natural Monopoly: The Turkish Electricity Market

Year 2024, , 11 - 32, 28.04.2024

Özgün Akduran Erol

https://doi.org/10.17233/sosyoekonomi.2024.02.01

Abstract

This study examines the situations that arise when regulating a natural monopoly market by focusing on Türkiye’s electricity market. Specifically, this qualitative study investigates the Energy Market Regulatory Authority (EMRA) in terms of capture theory, drawing on various documentary sources, such as electricity sector regulation legislation (constitutions, sector laws, decree-laws, Plan and Budgeting Committee documents of The Grand National Assembly of Türkiye), EMRA official decisions, newspaper reports from 2001 to 2021, and media interviews. The empirical findings discussed throughout the article reveal numerous instances consistent with the capture theory.

Keywords

Natural Monopoly Markets, Regulatory Authority, Capture, Electricity Market

Doğal Tekelin Düzenlenmesi: Türkiye Elektrik Piyasası

Abstract

Bu çalışma, Türkiye’nin elektrik piyasası örneğine odaklanarak doğal tekel piyasasının düzenlenmesinde ortaya çıkan durumları incelemektedir. Bunun için Enerji Piyasası Düzenleme Kurumu’nu (EPDK) elektrik sektörü düzenleme mevzuatı (anayasalar, sektör kanunları, kanun hükmünde kararnameler, Türkiye Büyük Millet Meclisi Plan ve Bütçe Komisyonu belgeleri), EPDK resmi kararları, 2001’den 2021’e kadar gazete haberleri ve medya röportajları gibi kaynaklardan yararlanarak) ele geçirme teorisi açısından incelemektedir. Makale boyunca tartışılan ampirik bulgular, ele geçirme teorisiyle tutarlıdır.

Keywords

Doğal Tekel Piyasaları, Düzenleyici Kurum, Ele Geçirme, Elektrik Piyasası

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