The African Development Bank has developed the first-ever Electricity Regulatory Index for Africa, unveiled on the second day of the African Energy Forum held 19-22 June 2018 in Mauritius.
Africa’s electricity sector has undergone significant transformation over the past 20 years, marked by continued opening and liberalization of national electricity markets. Regulatory frameworks are crucial, in particular to ensure the quality of service delivery provided to users, but also the attractiveness of the sector to private investors. The Report noted that on average, well developed electricity regulatory governance systems exist in all fifteen sample countries. However, there is room for improvement with respect to accountability and independence to align with international best practices often necessary to attract future investment into the sector.