They additionally alleged for added opportunities to enhance the accommodation of bounded institutions like the arrangement bazaar abettor of the bounded electricity bazaar and ERERA, to baby-sit and alike electricity barter activities
These institutions should be empowered to accomplish acquiescence and boldness disputes
The alarm was in a resolution presented to the appointment afterwards two canicule of deliberations and acceptance of measures, appear the operation of accepted electricity bazaar amid affiliate states. The accident was beneath the theme, "Electricity barter aegis in the ECOWAS Region: The coaction amid civic behavior and chargeless bazaar principles." It focused on the afterward sub-themes, Chargeless Bazaar Attempt and Electricity Trade, challenges and opportunities in the bounded electricity barter civic Behavior against Bounded Competitive Market: Practices in the ECOWAS Region, Technological Innovations and Basement Development for Enhanced Activity Security
The participants aggregate opinions on the appliance of chargeless bazaar attempt to electricity trade, decidedly the allowances and risks of implementing these attempt in the ECOWAS arena and the regulatory frameworks of the Bounded Electricity Market
They additionally discussed how to ensure the aegis of electricity accumulation in a liberalised bazaar by examining the appulse of cross-border electricity barter on civic aegis and the role of bounded cooperation in acceptable all-embracing electricity accumulation security
The participants apprenticed for the prioritising of manual and administration basement investments to actualize a reliable and interconnected electricity filigree beyond the ECOWAS region, which should absorb both advance absolute basement and developing new projects
They alleged for the bit-by-bit implemention of a phased admission to bazaar liberalisation, by ensuring that all-important authoritative and institutional frameworks are in abode afore absolutely aperture markets with pilot programmes and incremental reforms to advice administer the transition smoothly
The participants apprenticed for the development of bounded strategies to ensure activity security, including about-face of activity sources, enactment of cardinal reserves, and bounded cooperation on emergency acknowledgment mechanisms
They acclaimed that the encouragement and development of financial instruments and incentives to allure advance in the electricity area would be an added advantage which charge accommodate exploring opportunities for attenuated finance, leveraging both accessible and clandestine area funding
The participants advocated the able implemention of these recommendations, so that ECOWAS affiliate states could enhance electricity barter security, advance bread-and-butter growth, and advance admission to reliable and affordable electricity beyond the region
The appointment was abounding by regulators, operators and government assembly from ECOWAS countries including Benin, Cape Verde, Coted'Ivoire,The Gambia, Ghana, Guinea Bissau,Guinea, Liberia, Niger, Nigeria, Senegal, Sierra Leone, Togo with representatives from Mauritania and Algeria Others participants were the West Africa Gas Pipeline Authority (WAGPA), the ECOWAS Centre for Renewable Activity and Activity Efficiency (ECREEE), the West Africa Power Pool (WAPP), the OMVG, the OMVS, TransCo CLSG, CEB, the GIZ, USAID, AFD and added development partners
BY LAWRENCE VOMAFA-AKPALU