{"id":62499,"date":"2023-12-13T17:52:38","date_gmt":"2023-12-13T17:52:38","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister"},"modified":"2023-12-13T18:38:39","modified_gmt":"2023-12-13T18:38:39","slug":"regional-energy-pool-to-reduce-power-tariffs-minister","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister","title":{"rendered":"Regional energy pool to reduce power tariffs \u2013\u00a0 minister"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Minister of State for Energy, Mr Okaasai Opolot, has said the establishment of a regional energy pool through the East African Energy Union will significantly reduce regional power tariffs and attract substantial investment, aligning with the region\u2019s collective aspirations against energy poverty.<\/b><\/p>\n

\u201cA well-structured East African Energy Union holds the potential to facilitate a cost-effective and market-oriented energy transition. Let us prioritise the shared goal of eradicating energy poverty in East Africa,\u201d he said.<\/p>\n

Mr Opolot made the remarks at the opening of the 26th session of the Executive Committee (EXCO) meeting for the Energy Regulators Association of East Africa (EREA) in Entebbe on Tuesday.<\/p>\n

\u201cUganda has taken some strides, like amending the Electricity Act to facilitate direct electricity purchase, aiming to lower end-user tariffs for manufacturers, especially those in proximity to transmission infrastructure. We are actively engaging with EAC partner states to establish a Wheeling Framework for effective power purchase from government generation plants,\u201d he said.<\/p>\n

Mr Opolot said the association has gone beyond electricity to include petroleum in order to have a formidable force to regulate the regions energy.<\/p>\n

\u201cThis is meant to enhance delivery of our transformative agenda on development in the economy, we are going to use energy as a tradable item. If we have harmonised regulation, the energy can flow across EAC with defined tariffs which promote and enhance the production of competitive products in East Africa,\u201d he said.<\/p>\n

Mr Opolot said the regulation of energy through the East African Energy Union will ensure provision of secure, competitively priced, and sustainable energy for both citizens and businesses within the region.<\/p>\n

The chairperson of Electricity Regulatory Authority of Uganda (ERA), Ms Sarah Wasagali Kanaabi, said there are efforts to harmonise regulatory frameworks in order to harmonise the different country\u2019s tariffs, which is still difficult due to lack of a common currency in the region.<\/p>\n

\u201cCurrently, ERA is leading in the regulatory framework and the first four on the continent all come from East Africa. Slowly, we are trying to improve our frameworks and very soon, we shall have harmonised, which will go a long way in harmonising other aspects of the energy sector like costs so that we can try to harmonise the tariffs,\u201d she said.<\/p>\n

Ms Kanaabi said EREA is seeking to have a permanent seat at the EAC in order to cease operating in its current observer status. This will enable the region ensure energy efficiency through harmonising technology, which is a big determination in the efficiencies and costs of electricity and energy.<\/p>\n

The chairperson of the board at the Petroleum Authority of Uganda (PAU) Ms Jane Mulemwa, said the meeting provides an opportunity for regulators to benchmark on aspects related to the regulation of the energy sector in East Africa.<\/p>\n

\u201cUganda\u2019s oil and gas resources continue to present enormous opportunities for fast-tracking the country\u2019s development through skills development, employment, development of enterprises, provision of goods and services, and technology transfer,\u201d she said.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Minister of State for Energy, Mr Okaasai Opolot, has said the establishment of a regional energy pool through the East African Energy Union will significantly reduce regional power tariffs and attract substantial investment, aligning with the region\u2019s collective aspirations against energy poverty. \u201cA well-structured East African Energy Union holds the potential […]<\/p>\n","protected":false},"author":84,"featured_media":62498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,240,234],"class_list":["post-62499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nRegional energy pool to reduce power tariffs \u2013\u00a0 minister - Uganda<\/title>\n<meta name=\"description\" content=\"The Minister of State for Energy, Mr Okaasai Opolot, has said the establishment of a regional energy pool through the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regional energy pool to reduce power tariffs \u2013\u00a0 minister\" \/>\n<meta property=\"og:description\" content=\"The Minister of State for Energy, Mr Okaasai Opolot, has said the establishment of a regional energy pool through the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-13T17:52:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-13T18:38:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/12\/sm_1702479803.324944.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Regional energy pool to reduce power tariffs \u2013\u00a0 minister\",\"datePublished\":\"2023-12-13T17:52:38+00:00\",\"dateModified\":\"2023-12-13T18:38:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister\"},\"wordCount\":514,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/12\/sm_1702479803.324944.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/regional-energy-pool-to-reduce-power-tariffs-minister\",\"name\":\"Regional energy pool to reduce power tariffs \u2013\u00a0 minister - 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