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Eastern Africa countries closer to regional power auction market
Kenya and other countries that are faced with challenges in generating enough electricity to meet demand will be major wins given the price discovery aspect of the auction market.
Kenya and her Eastern African neighbours are inching closer to a regional auction market for electricity that is expected to help them avoid blackouts tied to generation hitches besides the possibility of cheaper electricity.
Consultants tapped by the 13-member economies in the Eastern Africa Power Pool (EAPP), are expected to publish regulations that will govern the trade next month and establish a Day Ahead Market (DAM) that will allow distributors to hedge against price volatility of the critical commodity among others.
