The appeal of the market-based reforms of the early 1990s has not waned in developing countries. Countries like Papua New Guinea are hinging on power sector reforms to fill in their vast energy deficits gap. At the same time, the liberalized wholesale electricity markets such as in Singapore and Australia are performing under great stress. This requires a revision and rethinking on the suitability of market-based electricity reforms as electricity sectors globally are sweating with the rise in energy input prices but at the same time have ambitious decarbonisation targets to achieve. This webinar revisits the features and experience of the market-based reforms so far across both developed and developing economies. It then outlines a set of recommendations to be considered in moving forward.