The Turkish Competition Authority examines the privatisation of three electricity distribution companies (AYEDAS / Akdeniz Elektrik / Toroslar Elektrik)

The Turkish Competition Authority (TCA) reviewed the privatisation of three electricity distribution companies (namely, AYEDAS, Akdeniz Elektrik and Toroslar Elektrik) where 100% of the shares in each company were offered in a block sale. Pursuant to the official privatisation schedule, privatisation will be fully effective only after 2013, and during the transition period, certain market dynamics (such as the electricity wholesale price) will remain to be subject to the control by the state. Therefore, the TCA based its analysis mainly on post-2013 market dynamics. Relevant Markets Five relevant markets were identified: (i) concerning the whole-sale of electricity, the market for ‘bilateral agreements’; (ii) electricity distribution services; (iii) retail supply of electricity to

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Sanrah Gozde Deniz, The Turkish Competition Authority examines the privatisation of three electricity distribution companies (AYEDAS / Akdeniz Elektrik / Toroslar Elektrik), 3 March 2011, e-Competitions Bulletin Energy & Mergers, Art. N° 38137

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