Towards Competitive Free Electricity Market: A Privatization Plan for The Turkish Electricity Generation Company

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HADIK İ. E., ATAK M.

SOSYOEKONOMI, cilt.30, sa.53, ss.509-535, 2022 (ESCI) identifier identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 30 Sayı: 53
  • Basım Tarihi: 2022
  • Doi Numarası: 10.17233/sosyoekonomi.2022.03.25
  • Dergi Adı: SOSYOEKONOMI
  • Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus, TR DİZİN (ULAKBİM)
  • Sayfa Sayıları: ss.509-535
  • Anahtar Kelimeler: Privatization Plan, Capacity Reduction Planning Model, Liberal Electricity Market, Competition Analysis, LIBERALIZATION, POWER
  • Gazi Üniversitesi Adresli: Evet

Özet

Privatisation of public assets and gradual withdrawal of the state from the market is one of the essential reforms to liberalise Turkey's electricity market. This study presents an analytical approach for planning the privatisation of state-owned power generation plants. The privatisation process was considered capacity reduction, and a Capacity Reduction Planning Model was developed. The model was applied to power plants owned by Electricity Production Inc., and the results were compared to privatisation decisions. It has been observed that the results are pretty consistent with the realised situation. Market power and competition analysis were performed to investigate the model's contribution to liberalisation Thanks to the proposed privatisation plan, it was concluded that the market reached a competitive structure earlier. In this context, the study guides electricity market decision-makers regarding privatisation.