On Friday, a senior official at the African Union (AU) confirmed that plans are underway to implement a strategic regulation strategy for the African electricity market.
AU’s Commissioner for Infrastructure and Energy, Elham Ibrahim, said that the union has developed a strategy and action plans that will be undertaken at the national, regional and continental level in ensuring the development of the regional electricity markets, The New Times reported.
African Union to set Africa-wide regulations
Speaking at a press briefing in Ethiopia, Ibrahim said: “The African Union Commission (AUC) intend to have the framework become effective in the next three years once it is approved by the African Energy Ministers later in march 2017.”
According to the Commissioner, the framework will help create a robust economic regulation, create an enabling renewable energy framework, and establish standards for energy efficiency, media reported.
“The development of the energy, transport and ICT sectors is the biggest priority in the infrastructure sector development in the continent since it will help facilitate trade, economic cooperation and regional integration amongst member states,” Ibrahim said.
According to the AU agenda 2063, plans have been tabled to ramp up efforts concerning financial and technical support for member states to improving energy access as well as ensuring energy security through the development of renewal and conventional energy systems.
The New Times reported that the plan is looking at facilitating regional and continental clean power generation and transmission projects and develops guidelines and policies to accelerate energy transitions.