A comparison of electricity industry regulation and restructuring: Greece and turkey
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The main aim of this paper is to compare the experience of regulation and restructuring in the Greek and the Turkish electricity industries. For this purpose, a comparison of data on the two industries is employed. A quantitative analysis of the impact of restructuring these two countries’ presented and complemented with an evaluation of relevant legislation, policy changes and regulation scores. The paper shows that the electricity industries in Turkey and Greece have undergone a radical restructuring, but which remains an ongoing process. The main conclusion is that the two industries face number of challenges, and that institutional and political reforms ensuring the smooth functioning of the electricity industries thus need to be enacted. In addition, there is a crucial need for a debate about regulatory principles for the industry in both countries.