Review of the security of supply in Turkish energy markets: Lessons from the winter shortages

Seyit Ali Dastan and Orhun Selcuk

Renewable and Sustainable Energy Reviews, 2016, vol. 59, issue C, 958-971

Abstract: Turkey has changed the essentials of its energy markets more than a decade ago. It was mainly a transition from a state-led model to a free-market one. Although some levels of progress is observable; security of supply, particularly in times of short term supply disruption had not been widely tested. Harsh winter conditions set a litmus test for Turkish energy markets. Basing on the this test, this paper provides an analysis of to what extent Turkey is open to the risks of energy supply security; and discusses possible measures to relieve future supply disruption risks. Energy policy-making should consider the fact that electricity and gas markets are highly intertwined in Turkey; and security of supply measures could have cross-market implications, paper concludes.

Keywords: Security of supply; Turkish energy markets; Energy market reform (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (7)

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DOI: 10.1016/j.rser.2016.01.015

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