Russian power sector reform: Lessons for developing countries

Abstract

The article takes a look at the issues of the market-oriented power sector reform and the experience that is of interest in the process of reforms in any country. Organizational models might, however, vary quite substantially in different countries in terms of basic characteristics. The article studies the difference between idealistic notions that underlie the existing market model and real economic relations that are directly connected to the technological features of the industry. It validates proposals for alternative energy market models and a management mechanism for the industry. © 2014 WIT Press.