This Law aims to ensure the establishment of a financially sound, stable and transparent electricity market operating in a competitive environment under, and subject to, private law provisions. It also aims to ensure the independent regulation and supervision of the private market for purposes of providing sufficient, good quality, uninterrupted, low cost and environment-friendly electricity to consumers. It applies to electricity generation, transmission, distribution, wholesale and retail sale, import and export, market operation as well as to the rights and obligations of all real and legal persons engaged in such activities. ---Note: TEIAS: Turkish Electricity Transmission Corporation; TETAS: Turkish Electricity Trade and Contracting Corporation.