Differentiate between the role of the Electricity Market Oversight Panel (EMOP) and that of the Electricity...

Differentiate between the role of the Electricity Market Oversight Panel (EMOP) and that of the Electricity Transmission Utility (GRIDCo) in the Ghana Wholesale Electricity Market.

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Expert Solution

Ghana having electricity market rules to regulate the wholesale distribution of electricity. This is facilitated by Ghana Grid Company Limited (GRID Co) with collaboration with the Electricity Market Oversight Panel (EMOP). EMOP is a panel of 11 members which supervise the operation and administration of the wholesale electricity market. The rules regarding this are necessary to sanitise the electricity market sector and help the building of robust and sustainable electricity market. These rules promote the competition in the electricity market also. This drives the efficiency in production and reduces the cost. EMOP review the procedure, manuals and electricity market rules for the operations.
The major functions of GRID Co are undertaking the economic dispatch and transmission of electricity from wholesale suppliers to bulk customers, providing fair and non discriminatory transmission services to all power market participants, implementation of the necessary investments which provide capacity to transmit the electricity energy etc. The GRID Co was established on the basis of the Energy Commission Act, 1997. The establishment of this organisation intended to develop and promote competition in Ghana’s wholesale power market.

Rahul Sunny answered 1 year ago

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