Springer, 2018
A book chapter by O. Yardımcı and Prof. Dr. M.B. Karan
in the “Energy Economy, Finance and Geostrategy”
Bir bölümünü Prof. Dr. M.B. Karan ile kaleme aldığımız
“Energy Economy, Finance and Geostrategy” isimli kitap
Effectiveness of Regulation: An Investigation of the Turkish Natural Gas Distribution Market
Abstract
In this chapter,
the effectiveness of regulation in the Turkish natural gas distribution sector is
investigated by examining EMRA’s implementations and the performances of the
companies. The analyses were taken into account mainly in the context of the
effectiveness of regulation rather than in drawing conclusions with respect to
economic paradigms, like market failure. The important regulations with regard to the Turkish
natural gas distribution sector were analyzed within the scope of the
differences between the various planned and recognized situations. Thus, it was
understood that some of the regulations did not produce effective results.
Particularly the comparison between private and state-owned companies concerning
their performances and R&D expenditures revealed the alienation experienced
from the expected benefits of liberalization. The regulations to encourage
sector development and cost reduction through R&Ds have not been properly implemented.
The obtained results are considered as partially regulatory failure.
Keywords
Natural gas, distribution, natural
monopoly, effective regulation, regulatory failure
