Energy experts from ECOWAS Member States will meet in Dakar from 24th to 26th July, to agree on the modalities for calculating and payment of regulatory fee, as well as its related issues. A statement from the ECOWAS said specifically, the Dakar meeting is being organised in compliance with May 24th, directive by regional Ministers of Energy that the ECOWAS Regional Electricity Regulation Authority, ERERA, with support from the ECOWAS Commission, should find a consensus and finalise a draft regulation which lays down the rules for the determination and annual payment of royalties for regional cross-border electricity exchanges. The draft resolution was first considered at a meeting of ERERA’s Consultative Committees on Regulators and Operators, May in Lome, Togo. The committee comprises representatives of regulatory authorities in Member States, as well as electricity companies in the region. These meetings are part of ECOWAS efforts at fine-tuning its regulatory mechanisms, including issues relating to harmonization of policies and practices, in order to create an attractive environment for investors and boost the development of cross-border electricity exchanges in West Africa. The regulatory system is also expected to serve as a guarantee for the implementation, monitoring and control of cross-border exchanges, in realisation of some of the main objectives for which ERERA was set up in 2008.
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