Regulatory review of the electricity market in Africa: towards crowding-in private sector investment
Released on 24 September under the auspices of a High-Level Dialogue on Energy (HLDE) held on the sidelines of the 76th UN General Assembly, the report aims to support the implementation of recommendations by the HLDE on regulation and scaled private sector investment. It addresses issues relating to the openness, attractiveness, and readiness of Africa’s regulatory environment for private sector scaled investment participation across the electricity value chain. The HLDE calls for a robust private sector participation in energy infrastructure investment across the value chain by addressing uncertainties in policy and regulatory environments. In this regard, the HLDE endorses numerous recommendations, including the de-risking of projects and fixing regulatory barriers to ensure market openness, attractiveness, and readiness for private-sector finance. It is against this backdrop that the Economic Commission for Africa (ECA), through its SDG7 Finance initiative pillar area on energy sector governance, jointly and in partnership with the RES4Africa Foundation through its Missing Links initiative, developed a methodology to support member States to undertake assessment of their electricity market regulation.