diskussionspapiere discussion papers paper no 246 power utility re regulation in east european and cis transformation countries 1990 1999 an institutional interpretation by christian von hirschhausen petra opitz berlin march 2001 deutsches institut für wirtschaftsforschung königin luise str 5 14195 phone 49 30 89789 0 fax 200 internet http www diw de issn 1433 0210 opitz1 1 introduction 2 options for regulatory reform 3 special conditions eastern europe 4 results of sector conclusions abstract this analyzes the process during decade systemic particular it explores reasons why early attempts to introduce competition oriented models have not succeeded we discuss advantages disadvantages various from economic perspective approaches are assessed quantitative indicators wholesale retail prices cost coverage ratios investment levels degree unbundling privatization concludes that a gradual approach