The quality of electricity is one of the most discussed issues in the regulatory context, structured by guidelines that allow the assessment of efficiency in electricity supply. Regarding electricity distribution systems, it is essential to highlight the aspects associated with the definition of continuity indicators to measure the service provided by the utilities. The parameters used to calculate the indicators are set by specific agencies in each country based on studies and their characteristics. With the growth in demand for electricity, debates associated with reducing greenhouse gas emissions in the atmosphere, and the increase in Distributed Energy Resources (DERs) connected to the grid, a new trend related to the energy supply is verified. Given these new scenarios, this paper presents a literature review in the regulatory field of existing distribution systems in South American countries. The research proposes to analyze, compare, and expose the current models to evaluate their methods and indicators, including a complete case study in Brazil. This paper seeks to illustrate and point out perspectives, challenges, and future perspectives through the collected and analyzed data.