Location, location, location [power markets]

Abstract

Turkey experienced a strong economic recovery after a financial and currency crisis in 2001 that led to severe economic contraction. In March 2001, the Turkish government enacted a new electricity market law, which sets the stage for liberalisation of power generation and distribution activities. Under the law, the state-owned Turkish Electricity Generation and Transmission Corporation (TEAS) was split into separate generation, distribution, and trade companies, with a goal of eventual privatisation of the generation and trade companies.