The Economic Community of West African States Regional Electricity Regulatory Authority has approved critical policies for the development of the sub-regions power market.
It also announced its commitment to protect the interests of investors and participants in the regional power market, stressing that the body would ensure that there were conducive investments in the industry.
The Chairman, ECOWAS Regional Electricity Regulatory Authority, also known as ERERA, Kokou Tossou, disclosed this in a statement made available by the authority.
“Approved 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.
It said the directive provides for member states to amend their laws to allow for open access to the transmission network, as well as provide for third-party access to eligible customers on the other hand.