Published in International Energy Law Review, 2011:29(3), 101-115 Please do not cite this text without permission I Towards a Fully Liberalised Turkish Electricity Market: Progress and Problems Ahmet Fatih ÖZKAN * * LL.M. in Law and Economics (Bilkent University, Ankara), PhD Candidate in Competition Law (University of Sussex, Brighton) Abstract In an attempt to meet the ever-increasing electricity demand and reinforce inadequate state investments with private, in particular foreign investments, Turkey opted for liberalisation of its electricity market which had been vastly dominated by vertically integrated state economic enterprises for more than half a century. A new era has begun in the Turkish electricity market with the enactment of the Electricity Market Law 2001, pursuing the goals of liberalising the market and promoting competition. Significant progress has been made in respect of these goals; however, some major challenges have given rise to problems precluding successful liberalisation attempts. This article evaluates the current state of the Turkish electricity market by analysing the progress made and problems emerged in the aftermath of the Turkish electricity liberalisation. Key Words Turkey, electricity market, liberalisation, private investments, electricity pricing