Prospects for power supply infrastructure enhancement
Traditional retail electricity market models transform under the condition of new technologies development and institutional changes in countries and worldwide. New models of the retail electricity market need to be adopted to recent requirements made by different stakeholders. The purpose of this study is to advance the understanding of transformation of the electricity retail market in different countries through introducing a uniform framework for comparison. The findings provide insights for experts and authorities on how the changes in the dynamic environment led to the emergence of new market models in six surveyed countries. Specific features of different models are highlighted to ensure optimal working conditions and incorporation with managerial practices in the industry as well as to help policy makers to understand what additional measures may boost the competition in retail electricity markets.