november 2003 can the poor pay for power affordability of electricity in south east europe i foreword spring ebrd commissioned a regional study on sector funded by uk department international development covered eight countries albania bosnia and herzegovina bulgaria croatia fyr macedonia moldova romania serbia montenegro it was carried out ipa energy consulting under guidance staff from utilities team office chief economist concluded preliminary version presented to stakeholders rem at conference reform social safety nets sofia organised usaid 20 october undertaken context efforts integrate european grid into market seerem as agreed athens memorandum understanding mou signatories have committed themselves series steps toward alignment legislation creation state authorities independent regulatory agencies transmission distribution system operators well other necessary based