During the past two-and-a-half decades, a large number of developing and transition countries have introduced varying mixes of institutional reforms into their electricity sectors. The emerging international evidence suggests that the standard reform model - privatization, vertical and horizontal unbundling, and the introduction of performance-based regulatory mechanisms - if implemented correctly, can lead to significant improvements in several dimensions of operating performance.
Kessides, I.N. The Impacts of Electricity Sector Reforms in Developing Countries. Elsevier, (2012) 88 pp. [DOI: 10.1016/j.tej.2012.07.002]