{"id":245570,"date":"2023-01-31T09:13:13","date_gmt":"2023-01-31T08:13:13","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=245570"},"modified":"2023-01-31T09:13:13","modified_gmt":"2023-01-31T08:13:13","slug":"ecowas-approves-new-regional-electricity-market-regulations","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/01\/31\/ecowas-approves-new-regional-electricity-market-regulations\/","title":{"rendered":"ECOWAS approves new regional electricity market regulations"},"content":{"rendered":"<p>The Economic Community of West African States Regional Electricity Regulatory Authority (ERERA) has approved key guidelines for the development of the Sub-regional power market.<\/p>\n<p><span class=\"acssf62a8\">ERERA is the regulator of regional cross-border trade of electricity in West Africa.<\/span><\/p>\n<p>This was made known by\u00a0<span class=\"acssf62a8\">Kokou Tossou, chairman, ERERA <\/span><span class=\"acssf62a8\">when he visited Qun Yang, chairman, Sunon Asogli Power Plant, in Kpone, Greater Accra region,\u00a0Ghana.<\/span><\/p>\n<p><span class=\"acssf62a8\">He said the authority was committed to protecting the interests of investors and participants in the region\u2019s electricity market, adding that it would ensure profitable <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/11\/23\/oil-drill-nigeria-got-over-3bn-investments-for-kolmani-project-buhari\/\">investments<\/a> in the industry.<\/span><\/p>\n<p><span class=\"acssf62a8\">Tossou noted that electricity production was vital to the viability of the market.\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">He said ERERA has approved critical documents for the development of the regional power market, adding that there will also be profitable investments in the energy sector.\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cApproved documents include the regional electricity market procedures for the West African power pool, the WAPP operation manual, the tariff methodology for regional transmission cost and tariff, and the WAPP regional market rules,\u201d he said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cOthers include the WAPP transmission service access and use procedures, which describes the conditions and procedures for access, as well as use and payment of transmission services in the electricity market.\u201d<\/span><\/p>\n<p><span class=\"acssf62a8\">Tossou said ERERA had also secured the approval of strategic documents such as the directive on the organisation of the regional electricity market.<\/span><\/p>\n<p><span class=\"acssf62a8\">He noted that the directive requires member states to amend their laws to allow for open access to the transmission network while allowing third-party access to eligible customers.<\/span><\/p>\n<p><span class=\"acssf62a8\">Meanwhile, Tossou commended Asogli Power Plant, a member of the West African power pool, for its investments in West Africa and its high efficiency in power generation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Economic Community of West African States Regional Electricity Regulatory Authority (ERERA) has approved key guidelines for the development of the Sub-regional power market. ERERA is the regulator of regional cross-border trade of electricity in West Africa. This was made known by\u00a0Kokou Tossou, chairman, ERERA when he visited Qun Yang, chairman, Sunon Asogli Power Plant, [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":2085,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[16587],"tags":[5789,56280,191,56281],"class_list":["post-245570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ecowas","tag-electricity-market-regulations","tag-investors","tag-wapp-transmission-service"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - 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