The African Development Bank will launch on Wednesday its flagship Electricity Regulatory Index (ERI) – a special report that measures the level of development of the regulatory frameworks in African countries and examines their impact on the performance of their respective electricity sectors.
The ERI will be launched on the sidelines of the 2018 Africa Energy Forum (AEF), taking place from June 19-22, 2018 in Port Louis, Mauritius.
The ERI was developed from information collected from electricity sector regulators and power utilities in 15 African countries.
Through its New Deal on Energy for Africa, the African Development Bank, aims to achieve universal access to energy in Africa by 2025. Achieving this goal will require a significant amount of private investment into the energy and power assets of African countries. Key to mobilizing this crucial flow of financing is the development of a robust power sector regulatory environment, grounded in the rule of law and governed transparently and effectively.
Periodic evaluation of regulators as practiced in many developed countries is important as it enables early identification of problems or gaps so that corrective actions can be implemented as soon as possible.