As part of efforts to improve the electricity market across in the West Africa region, two key agencies responsible for the development and implementation as well as regulating cross border electricity trading, West Africa Power Pool and ECOWAS Regional Electricity Regulatory Authority will on June 29, 2018 formerly launch the regional electricity market platform.
Prior to the launch, the West Africa Power Pool and the ECOWAS Regional Electricity Regulatory Authority had embarked on a sensitisation visit to members’ countries to update them on the progress of the market.
On how the proposed electricity market will operate, the chairman of the WAPP Executive Board, Mr. Usman Mohammed said it is based on the principle of freedom of electricity transit, open access to transmission and distribution networks by third parties and eligible customers, free competition and non-discrimination among market participants.
According to him, WAPP has set the end of 2019 for the connection of 14 member countries electricity transmission systems. He noted that the initiative will hasten the growth of the electricity market in the region and stop the issue of stranded power such as is being currently experienced by generation companies in Nigeria.
Source:Â Leadership
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