The impact of power market reforms on electricity price-cost margins and cross-subsidy levels: A cross country panel data analysis

► The paper focuses on the impact of power market reforms on price-cost margins and cross-subsidy levels. ► Using panel data for 63 countries for the period 1982-2009, empirical models are developed and analyzed. ► We found that each individual reform step has different impact for each consumer and country group. ► We conclude that reform prescription for a specific country cannot easily be transferred to another one.