BritishLiberalised Electricity Markets:BCGLessons from global markets as South Africatransitions to a liberalised electricity systemGuidanceReport leads:British InternationalInvestmentBoston ConsultingGroupDisclaimerThis document should be takenonly as a source of information guidance and analysis,to be applied by eachinstitution at its own discretion and in accordance with its ownpolicies and practices.The information in this document does not constitute legal,financial,tax or other professional advice and should not be relied upon as a substitute fordocument or for any loss,cost.damage or liability that may arise.directly or indirectly from its use or reliance.BII.BCG.and their collaborating partners do not owe or assumeany duty of care to any person in connection with this document.Any references or links to external websites are provided for convenience only BII.BCG and their partners arenot responsible for the content of amy externalsources.AuthorsTabish Shariff (BID.Rinchin Gaekwad (BID.Kesh Mudaly (BCG)and Tarig Allie-Ebrahim (BCG).AcknowledgementsThis document is a joint Bll and BCG initiative which was made possible thanks to funding from BII's technical assistance facility BII Plus.A special thank you to Etana Energy fortheir collaboration and support.