This article examines the phenomenon of the second election after democratization in developing countries. Unlike the euphoria that often accompanies the immediate post-democratization election, the second election gives clear evidence of the progress of democratic consolidation or whether the new regime has incorporated authoritarian elements and become a hybrid. To measure the democratic gains or losses that are seen in the second election, an analytical framework has been adopted comprised of three dimensions: regularity, openness and acceptability. This framework is applied to Bhutan where the second election took place in 2013. The findings are that progress was made on all three dimensions of democratization in the election although some democratic shortfalls were still evident. For Bhutan, the overarching concern for political stability is seen to have greatly affected the design and implementation of its electoral system.