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.

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 2 years ago

Differentiate between a Regulated and a De-regulated Electricity Markets

differentiate between role strain and role conflict what might be two forms of role strain facing...

differentiate between role strain and role conflict what might be two forms of role strain facing a female college professor? what are the sources of these role strains? how might the individual resolve these strains?

Explain the differences between a “regulated” and “deregulated” (competitive) electricity market.

Wayne-Martin Electric Inc. (WME) has just developed a solar panel capable of generating 200 percent more electricity than any solar panel currently on the market.

Wayne-Martin Electric Inc. (WME) has just developed a solar panel capable of generating 200 percent more electricity than any solar panel currently on the market. As a result, WME is expected to experience a 15 percent annual growth rate for the next 5 years. By the end of 5 years, other firms will have developed comparable technology, and WME's growth rate will slow to 5 percent per year indefinitely. Stockholders require a return of 12 percent on WME's stock. The...

What is the role of time value of money in finance? Explain. Differentiate between FV &...

What is the role of time value of money in finance? Explain. Differentiate between FV & PV of single amounts, annuities, & uneven cash flow patterns. Identify the steps involved in determining rate of return or interest rate between PV & FV.

Differentiate between oligodendrocytes and Schwann Cells What is the role of calcium in neurotransmitter release?

Consider the market for electricity. In 2015, 33% of electricity in the US was produced by...

Consider the market for electricity. In 2015, 33% of electricity in the US was produced by burning coal. Burning coal to create electricity pollutes the air and can cause health problems for humans and animals. Draw the market supply and demand for electricity and determine the level of output produced by a competitive market, labeling it Q1. Next, show the externality in the market for electricity and determine the socially optimal amount of electricity, labeling it Q*. Shade the area...

What is a market? In a short answer differentiate between the following types of markets:...

What is a market? In a short answer differentiate between the following types of markets: physical asset markets versus financial asset markets, spot markets versus futures markets, money markets versus capital markets, primary markets versus secondary markets, and public markets versus private markets.

Differentiate between Tesco’s logistics and marketing channels and the important role in managing their vast product...

Differentiate between Tesco’s logistics and marketing channels and the important role in managing their vast product range and customer base.

Create a value proposition for a low-cost solar panel car with all the basic electricity requirements...

Create a value proposition for a low-cost solar panel car with all the basic electricity requirements in areas of the world not on traditional electric grids. (400-500 words)

Question