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Since the beginning of systemic and economic transformation in Poland in the 90s, there have been rapid institutional, restructuring and regulatory changes in the electricity sector. State monopoly has been replaced by a regulation for competition and the sub-sectors of manufacturing and trading have been subjected to liberalization processes. Due to the socio-economic importance of electricity, regulatory changes made in the electricity sector may be a stimulant or destimulant for Polish economic development. The article is an attempt at an assessment of the changes that have taken place in the electricity sector and of the impact of it on Polish economic growth. The analysis showed that regulatory changes had a negative effect on the level of prices for industrial customers and the level of economic growth, and has been beneficial from the point of view of investment and environmental protection. [ABSTRACT FROM AUTHOR]