Energy Economics
Restoring price signals in electricity markets: A rule-based alternative to cost-plus regulation
This paper develops a transparent, rule-based electricity tariff mechanism anchored to inflation and wholesale market prices.
Assoc. Prof. · Erkan Erdogdu
Research on electricity markets, regulation and climate policy. Connecting academic inquiry with practical experience in the energy sector.

01 / ABOUT
I was awarded a Chevening Scholarship and earned an M.Sc. degree in Energy Economics and Policy (with distinction) from the University of Surrey (UK) in 2005. In 2009, I received a full scholarship from the University of Cambridge to support my Ph.D. studies, and in 2013, I obtained my doctoral degree (Ph.D.) from the Judge Business School at the University of Cambridge. In 2016, I was conferred the title of Associate Professor in Microeconomics by YOK. Currently, I serve as the Head of Group at EMRA.
Analytical tools: Stata · EViews · SPSS
Education & experience ↗Metrics were carried over from the previous website. Undated values are historical records, not live counts.
02 / RESEARCH INTERESTS
From market design to a sustainable energy future: the questions that shape my research.
Expertise in market liberalization, pricing mechanisms, supply-demand dynamics, and investment strategies in electricity, natural gas, and oil markets.
02Specialized in EU CBAM, Emissions Trading Systems, carbon taxation, and decarbonization policies for achieving net-zero emissions.
03In-depth knowledge of energy regulations, subsidies, taxation, and cross-border energy trade with a focus on market efficiency and investment impacts.
04Research in solar, wind, hydropower, and bioenergy policies, evaluating their economic feasibility, investment risks, and sustainability potential.
05Analysis of nuclear power's role in energy security, investment challenges, safety regulations, and cost-benefit considerations.
06Proficiency in econometric modeling, policy simulations, and statistical tools for advising governments, regulators, and international organizations.
03 / PUBLICATIONS
Journal articles, working papers and theses. Explore by topic, year or publication type.
Energy Economics
This paper develops a transparent, rule-based electricity tariff mechanism anchored to inflation and wholesale market prices.
Journal of Commodity Markets
This paper develops an econometric framework to identify anomalous price behavior and potential strategic bidding in liberalized electricity markets.
Journal of Economic Policy Reform
This paper critically assesses energy market reforms in developing economies.
Journal of Policy Modeling
This paper explores how nuclear energy may contribute to reaching net-zero goals within competitive energy markets.
Economic Change and Restructuring
WIREs Energy and Environment
Educational Review
Energy Economics
Computers & Education
The Energy Journal
Renewable and Sustainable Energy Reviews
Istituto Affari Internazionali (IAI) Working Papers (a refereed international academic paper series), No.1401, 17 February 2014, ISBN 978-88-98650-06-4.
Energy Economics
Renewable and Sustainable Energy Reviews
Ph.D. Thesis, July 2013, Cambridge Judge Business School, University of Cambridge, Cambridge, UK.
In T.Cetin & F.Oguz (Eds.), The Political Economy of Regulation in Turkey. Springer, New York, USA, pp.145-176.
Renewable and Sustainable Energy Reviews
Renewable and Sustainable Energy Reviews
Renewable and Sustainable Energy Reviews
Applied Energy
Renewable and Sustainable Energy Reviews
Renewable and Sustainable Energy Reviews
Energy Policy
M.Sc. Dissertation, September 2005, Department of Economics, University of Surrey, Guildford, GU2 7XH, Surrey, UK.
Middle East Review of International Affairs
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04 / EDUCATION & EXPERIENCE
2009 - 2013
Cambridge Judge Business School, Supervisors: Prof. Michael Pollitt & Prof. David Newbery, Official Transcript
2004 - 2005
Energy Economics & Policy Program, Department of Economics, overall mark in UK grading system: 72 [GPA: 4/4]
1997 - 2002
Department of International Relations, GPA: 3.85/4
1999 - 2002
Department of Political Science and Public Administration, GPA: 3.64/4
2021 - Present
Energy Market Regulatory Authority, Ankara, Turkiye
2007 - 2021
Energy Market Regulatory Authority, Ankara, Turkiye
2003 - 2007
Energy Market Regulatory Authority, Ankara, Turkiye
Earned a University of Cambridge scholarship to finance my Ph.D. program A total value of £80,741
Funded by the British Government to finance the M.Sc. program A total value of £16.782
Awarded by Austrian energy regulator, E-Control, for my Ph.D. thesis' contribution to liberalizing electricity and natural gas markets A total value of €1.000
Awarded one of the top 4 best paper awards (out of 160 submissions) at the 30th USAEE/IAEE North American Conference A total value of $750
Granted by TUBITAK (The Scientific and Technological Research Council of Turkey) for the publication of more than 20 articles in international academic journals A total value of approximately $20,000
Organized and financed by the Technical Assistance Information Exchange (TAIEX) Instrument of the European Commission in co-operation with the Romanian Energy Regulatory Authority (ANRE) Bucharest, Romania, 03–07 August 2009, including a study visit to the Cernavodă Nuclear Power Plant
Organized and financed by the Technical Assistance Information Exchange (TAIEX) Instrument of the European Commission in co-operation with the National Energy Commission (NEC) of Spain Madrid, Spain, 19–21 March 2007
Provided by the Indian Government to finance an international training program in India Hyderabad, India, 6 February–31 March 2006
05 / UPDATES
My latest paper develops a transparent, rule-based electricity tariff mechanism anchored to inflation and wholesale market prices. Read it in Energy Economics: https://doi.org/10.1016/j.eneco.2026.109551
My latest paper develops an econometric framework to identify anomalous price behavior and potential strategic bidding in liberalized electricity markets. Read it in the Journal of Commodity Markets: http://doi.org/10.1016/j.jcomm.2026.100546
My new paper critically assesses energy market reforms in developing economies. Read it in Journal of Economic Policy Reform: http://doi.org/10.1080/17487870.2025.2541593
My recent paper explores how nuclear energy may contribute to reaching net-zero goals within competitive energy markets. Read it in Journal of Policy Modeling: http://doi.org/10.1016/j.jpolmod.2025.07.003
06 / CONTACT
Get in touch about research, academic collaboration and energy policy.
erkan@erdogdu.net ↗EMRA, Mustafa Kemal Mahallesi 2078. Sokak No: 4, 06510 Çankaya, Ankara, TürkiyeOpen map ↗