Electricity market opening impact on investments in electricity sector

The paper focuses on the impact of the electricity market regulation on generating technologies, including renewable in Lithuanian and Poland. The paper aims to identify how the regulatory and non-regulatory factors have influenced investors′ choices. A country case studies approach were applied to analyse and address define the main factors that have influenced investors′ choice of technology mix in electricity market in transition. The major findings of the analysis entail: the main driving forces behind the rationale for reform; electricity reform characteristics; the impact of electricity market reform on electricity prices and electricity market reform and non-reform related factors that have influenced investor′s choice for a specific generation technology or a technology mix.