Abstract:

With the growing technology the magnitude of electric power is raised as a strategic raw material. Therefore global actors of electricity sector’s shares in Gross National Product increased. Despite the outgoing arguments on whether the electricity should be public or not, electricity secured its position as an essential intermediate product and its ascending demand in the market. From the beginning of 80’s, electric power is accepted as an absolute product in the advanced economies. Then the liberalization process started. As a natural result of these changes, electricity became no longer public in Turkey. After the liberalization of electricity, reinforcement became necessary for regulating the electricity demand and supply in the market in a sustainable and a less risky way. Under the free market conditions, electricity should be bought and sold as a part of money market instruments in a transparent and a credible platform. Thus sustainability could be ensured.

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