Oscar Amonoo-Neizer, the Executive Secretary of the Energy Commission, has advocated for a unified approach to energy resource utilization in West Africa. He argued that such collaboration will result in more affordable and dependable electricity across the region.
Currently, some West African countries are rich in energy resources such as natural gas, solar, hydro, and wind power, while others face shortages and rely on electricity imports. A regional electricity market could help balance these resources, ensuring an equitable and competitive energy supply for all.
Mr. Amonoo-Neizer made these remarks at a press briefing for the 9th ECOWAS Regional Electricity Regulatory Authority (ERERA) forum, taking take place in Accra on July 24-25, 2024. The forum, hosted by ERERA in collaboration with the Public Utilities Regulatory Commission (PURC) and the Energy Commission, aims to harmonize policies to facilitate a seamless regional electricity market.
The forum’s theme, “Electricity Trade Security in the ECOWAS Region: The Interplay between National Policies and Free Market Principles,” has brough together delegates from all ECOWAS countries to discuss strategies for enhancing the affordability and reliability of electricity.
“This is the time to make concrete decisions to improve electricity generation,” stated Mr. Amonoo-Neizer, emphasizing the urgency of regional cooperation.
The West African electricity market faces several challenges, including inadequate infrastructure and inconsistent regulations. However, initiatives by ERERA are fostering a more integrated energy market.
ERERA Chairman Kocou Laurant R. Tossou urged member countries to standardize their electricity trading policies, highlighting that importing electricity from neighboring countries can be more cost-effective.
Dr. Ishmeal Ackah, Executive Secretary of PURC, noted that while some countries have surplus electricity, others experience shortages, resulting in varying tariffs. He stressed the importance of equitable resource sharing and economic benefits, which the forum aims to address.
