NAIROBI, Dec 11 (NNN-KBC) — The Eastern Africa Power Pool (EAPP) will launch a day-ahead market in early 2025, allowing Eastern African countries to buy and sell electricity from each other, as the regional power system (EAPP) aims to connect 600 million people to clean energy by 2030.
As a result, EAPP said that together with the 13 member countries, it is developing a trading platform, market rules, and a market operator. The new system will enable countries to trade multilaterally by leveraging existing and new power interconnections.
Speaking during the opening ceremony of the ongoing EAPP conference, Kenya’s Cabinet Secretary for the Ministry of Energy and Petroleum Opiyo Wandayi said that the anticipated launch of the centralized platform will unlock greater efficiency, transparency and competitiveness, and also enable countries optimize their energy sources, meet demand while fostering price discovery for fair and equitable trade.
Okaasai Opolot, the Chairperson of the Council of Ministers, said that the council will ensure that regional utilities and regulators will make the necessary resources available to facilitate the launch of the regional day ahead market by early 2025.
Such a move, if successfully implemented by the regional member states, is further expected to drastically push down power tariffs which have been on the rise in the last few months due to rising demand. However, future electricity prices will likely remain volatile as markets adjust to the transition to cleaner energy sources. — NNN-KBC
