West African Power Pool to commence Day-Ahead Electricity Market
The day-ahead energy market is a system that allows transactions for the buying and selling of electrical power one day prior to the delivery day.
The day-ahead energy market is a system that allows transactions for the buying and selling of electrical power one day prior to the delivery day.
Speaking during the session, the Chairman, Executive Board of WAPP, Engr. Dr. Sule Abdulaziz expressed satisfaction with the 2023 working document.
The West African Power Pool (WAPP), is planning to create a Liquidity Enhancement Revolving Fund, LERF, for the ECOWAS Regional Electricity Market.
With an electrification rate of 53% in 2019 against only 34% in 2000, West Africa has made significant progress, but challenges remain, and nearly half the population still lacks electricity.
Niger, Togo, Benin and Burkina Faso are collaborating to buy the unutilised power produced in Nigeria, the Chairman of the Executive Board of the West African Power Pool, Sule Abdulaziz, said on Wednesday.