Electricity Post-Privatization: Initial Lessons Learned in South East Europe

The privatization of electricity distribution and generation companies in Bulgaria, Macedonia
and Romania are valuable examples which demonstrate the challenges involved in moving
from state to privately owned companies. The issues raised in this report underscore the
importance of sector reforms and the consistent application of independent and effective
regulations in countries with newly privatized electricity companies. In all three countries
the regulatory framework takes on significant importance as electricity prices are balanced
with service quality and continued investments.