ECA, partners hold training on electricity market design

The Economic Commission for Africa (ECA), RES4Africa Foundation and Gestore dei Servizi Energetici (GSE) person concluded a High-Level Policy and Regulatory Training connected Electricity Market Design.

The ECA, successful a connection released connected its website, said the grooming was a important measurement towards advancing Africa’s energy betterment docket and expanding backstage assemblage information successful cleanable vigor infrastructure.

The News Agency of Nigeria (NAN) reports that the inaugural is titled “Advancing Africa’s Electricity Reform Agenda: Towards Increased Private Sector Participation successful Clean Energy Infrastructure.’’

The task builds connected a palmy regulatory enactment conducted by ECA and RES4Africa since 2019 and has assessed the energy argumentation and regulatory frameworks successful 16 African countries successful 4 years.

It provides evidence-based recommendations to heighten regulatory openness, attractiveness, and readiness for backstage assemblage investments.

The connection quoted Robert Lisinge, Acting Director of Technology, Innovation, Connectivity, and Infrastructure astatine the ECA arsenic reiterating the value of de-risking investments.

According to Lisinge, de-risking investment, particularly successful an situation wherever the continent attracts a fraction of planetary vigor investments, calls for a superior look astatine the argumentation and regulatory system.”

He said that addressing pressing regulatory constraints and, successful immoderate cases, regulatory absence, provided clarity to investors.

“ECA’s vigor regularisation and concern programme aims to span this obstruction by supporting subordinate states successful their efforts to beforehand regularisation and de-risk their markets,” helium said.

Similarly, Yohannes Hailu, ,ECA’s Energy Policy Expert said, enabling greater backstage assemblage concern and information successful Africa’s energy markets done argumentation and regulatory enhancements was important for sustainable financing.

Hailu said Kenya’s effort to code bulk energy proviso and unfastened entree regularisation ensured a broader openness of the energy marketplace to backstage investment.

According to him, it besides serves arsenic a regulatory champion signifier to animate akin initiatives crossed the continent.

“At the bosom of this grooming is the broader inaugural to supply method enactment to Kenya successful adopting and implementing Bulk Power and Open Access Regulation.

“This regularisation has profound implications for opening Kenya’s energy marketplace to further backstage investment.

“Kenya’s advancing regulatory model and emerging public-private concern models successful transmission concern positions it among the front-runners successful Africa’s vigor assemblage reform,’’ helium said.

Meanwhile, Roberto Vigotti, Secretary-General astatine RES4Africa Foundation, said RES4Africa believed that the aboriginal of Africa’s vigor lied successful the hands of a well-informed and empowered assemblage of policymakers, regulators, and manufacture leaders.

Vigotti said the grooming represented a pivotal measurement towards creating an enabling situation for backstage assemblage investments successful the cleanable vigor sector.

According to him, the collaboration with ECA, GSE and different partners volition thrust the vigor modulation crossed the continent, ensuring sustainable, reliable, and affordable energy for all.

Also, Alberto Biancardi, Director of Studies, Monitoring, and International Relations astatine GSE, said, GSE was pleased to enactment unneurotic with RES4Africa and ECA successful furthering the vigor transition.

“We are anxious to proceed supporting the instauration of opportunities for gathering capacities to plan the astir effectual ways of tackling persistent challenges and taking vantage of the wealthiness of opportunities connected the continent.

“ECA maintains ongoing collaboration with subordinate states successful advancing regularisation and marketplace de-risking measures.

“This collaboration involves processing and implementing supportive regulatory instruments, capacity-building initiatives, and method assistance to code the concern spread successful the sector,’’ helium said.

NAN reports that the Italian Ministry of Foreign Affairs and International Cooperation and the Enel Foundation collaborated and supported the organisations to guarantee occurrence of the training.

The AFRY Management Consulting and Grupo Mercados Energéticos Consultores (GME) are besides valued partners successful delivering prime cognition and skills sharing with participating experts.