Electricity Market Law (No. 4628).

The purpose of this Law is to ensure the development of electricity market and the delivery of sufficient, good quality, low cost and environment-friendly electricity to consumers and to ensure the autonomous regulation and supervision of this market. The scope of this law covers generation, transmission, distribution, wholesale, retailing and retailing services, import, export of electricity; rights and obligations of all real persons and legal entities directly involved in these activities; establishment of Energy Market Regulatory Authority and determination of operating principles of this authority (art. 1). All the above-mentioned activities shall be licensed. Licenses shall be issued for a period of up to forty-nine years. The minimum term for generation, transmission and distribution licenses shall be ten years. The Energy Market Regulatory Authority shall grant the following licences: (a) generation licence; (b) transmission licence; (c) distribution licence; (d) wholesale licence; (e) retails sale licence; (f) autoproducer and autoproducer group licence (generating electricity for their own needs and operate in parallel to the transmission and/or distribution system and by autoproducer groups that supply electricity to their affiliates) (art. 3).