Press Release on Bringing Harmony to Energy Markets in Africa (24/02/2016)
Addis Ababa, February 24, 2016
Bringing harmony to energy markets in Africa
For energy investments to be promoted, the adequate enabling legal framework must be in place.
Bridging policies and strategies for energy development at the continental level was the subject of a specific workshop for the “Development of a legal harmonized continental sector in Africa”, held at the African union Commission (AUC) headquarters in Addis Ababa, Ethiopia, over two days, from February 23 to 24, 2016. The Workshop was held in the margins of the Joint Africa-EU Strategy “Reference Group on Infrastructure”, on February 25-26, 2016.
The aim is for the AUC to launch cooperation of regulators to formulate a continental strategy and set up an action plan for the necessary reforms, with the ultimate goal of creating an enabling regulatory environment for electricity market development in Africa.
The workshop brought together high-level officials from stakeholders strongly engaged in the energy arena of the African continent, including the regional economic communities, regulators’ associations or regional power pool representatives. Existing regulations and best practices at national, regional and continental levels were discussed, and a common approach towards harmonization of energy legislations was developed.
This workshop is the first in a series of round table discussions, and will be followed by consultations on the technical specifications for harmonisation.
The support to the AUC is funded by the European Union (EU), whose representative, Mrs. Anna Burylo, Head of Cooperation of the EU Delegation to the African Union, said during the opening session of the workshop: “Policy and regulatory reforms are a prerequisite to facilitate investment from both public and private sources. Policy and regulatory frameworks should ensure stability, transparency and a degree of predictability, while balancing macro-economic and consumer interests.”
Continental and regional integration, in particular through the development of regional infrastructure and markets, is one of the key components in the vision of the African union Commission (AUC), of an ‘integrated, prosperous and peaceful Africa, driven by its own citizens and representing a driving force in the global arena’.
This action is promoted by the EU Technical Assistance Facility for the “Sustainable Energy for All (SE4ALL), Eastern and Southern Africa” initiative.
Joint Africa-EU Strategy “Reference Group on Infrastructure”
African Union Commission, Department for Infrastructure and Energy: http://www.au.int/en/ie
Delegation of the European Union to the African Union: http://eeas.europa.eu/delegations/african_union/index_en.htm
European Commission, Directorate General for International Cooperation and Development: https://ec.europa.eu/europeaid/home_en
Contacts: Stephan Fox, Programme manager, EU Delegation to the African Union, Stephan.FOX@eeas.europa.eu