WAPP, EREPA, Set To Launch Regional Electricity Market Platform In June

…Promise to enhance DisCos capacity As part of efforts to improve the electricity market across in the West Africa region,

Promise to enhance DisCos capacity

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 (WAPP) and ECOWAS Regional Electricity Regulatory Authority (EREPA) will on June 29, 2018 formerly launch the regional electricity market platform.

Prior to the launch, the West Africa Power Pool (WAPP) and the ECOWAS Regional Electricity Regulatory Authority (ERERA) has embarked on a sensitisation visit to members’ countries to update them on the progress of the market.

The chairman of WAPP Executive Board, Mr. Usman Mohammed, disclosed this Tuesday while speaking with journalists after the Nigerian version of sensitisation meeting held in Abuja.

On how the proposed electricity market will operate, 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 system. He noted that the initiative will hasten the growth of the electricity market in the region as the issue of stranded power such as being currently experienced by generation companies in Nigeria.

He added that in order to ensure smooth operation of the market, the agency will embark on capacity building training for distribution companies (DisCos) because of the important role they play in providing liquidity in the market.

Also speaking, WAPP secretary-general, Siengui Apollinaire, said the training become necessary as a result of the lapses observed in the revenue collection process of DisCos. “The problem with DisCos is low rate of collection and high energy losses; they are not performing effectively,” he said.

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