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2020•2020 IEEE PES/IAS PowerAfricaRequires access

Meta-Analysis of Electricity Pricing in West Africa

Obindah Gershon, A. Awoyele

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Abstract

A meta-analysis is undertaken to ascertain how prices are integrating in West African electricity markets. It examines the extent West African Power Pool (WAPP) contributes to power price interactions within ECOWAS. Unit electricity prices to end-users, in US cents/kWh, for fourteen (14) countries in the WAPP are obtained by reviewing existing literature. Electricity price data in different countries are collated from 2010 to 2017 and analyzed for variation over time. It is found that end-users pay varying prices for power in different countries depending on their access and nearness to the source of electricity. The exercise reveals that the WAPP, though laudable, is yet to have a significant effect on electricity pricing within the sub-region. This is due to financing and price risks, as well as, regulatory and policy challenges - affordability and cost recovery. However, bilateral agreements between certain countries have helped to ease electricity trading within the region.

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What this paper is about

A meta-analysis is undertaken to ascertain how prices are integrating in West African electricity markets. It examines the extent West African Power Pool (WAPP) contributes to power price interactions within ECOWAS. Unit electricity prices to end-users, in US cents/kWh, for fourteen (14) countries in the WAPP are obtained by reviewing existing literature. Electricity price data in different countries are collated from 2010 to 2017 and analyzed for variation over time. It is found that end-users pay varying prices for power in different countries depending on their access and nearness to the source of electricity. The exercise reveals that the WAPP, though laudable, is yet to have a significant effect on electricity pricing within the sub-region. This is due to financing and price risks, as well as, regulatory and policy challenges - affordability and cost recovery. However, bilateral agreements between certain countries have helped to ease electricity trading within the region.

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Available abstract

A meta-analysis is undertaken to ascertain how prices are integrating in West African electricity markets. It examines the extent West African Power Pool (WAPP) contributes to power price interactions within ECOWAS. Unit electricity prices to end-users, in US cents/kWh, for fourteen (14) countries in the WAPP are obtained by reviewing existing literature. Electricity price data in different countries are collated from 2010 to 2017 and analyzed for variation over time. It is found that end-users pay varying prices for power in different countries depending on their access and nearness to the source of electricity. The exercise reveals that the WAPP, though laudable, is yet to have a significant effect on electricity pricing within the sub-region. This is due to financing and price risks, as well as, regulatory and policy challenges - affordability and cost recovery. However, bilateral agreements between certain countries have helped to ease electricity trading within the region.

Key concepts: Electricity, Electricity price, Electricity market, Business, Unit (ring theory), Electricity retailing, Unit price, Electricity pricing

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