Otc options clearing10 comments
Jochen schmidt trading options
Energy and peak power demand in Ghana is forecast to double between and Reforms and deregulation during the s to introduce and encourage competition have resulted in an energy market that is open to independent power producers IPPs.
Distribution is undergoing decentralisation designed to offer business and domestic consumers a choice. Deregulation and reforms of the policy framework radically restructured the power utility sector to facilitate greater efficiency and competition.
The roles and responsibilities of existing utilities were changed and new entities and regulators introduced to ensure the smooth running of the new market structure. The changes resulted in:. A key objective of the reforms was to encourage competition in what was previously a market supplied by state-run monopoly. The result is a wholesale power trading market, in which power companies such as Amandi Energy can compete. The next stage of the plan is to further decentralise the distribution market, which will introduce further competition.
Economic growth together with increasing rates of industrialisation and urbanisation have led to accelerated power demand in Ghana. Offshore oil and gas exploration and production and onshore processing will further speed up this rate of growth. Demand increases and annualised growth rates are shown in table below. These figures also do not account for the developing upstream and downstream oil and gas sectors. Establishing and operating offshore and onshore production capabilities and downstream processing plants will increase energy and peak power demand significantly between and Power trading already takes place between Ghana and its neighbours.
This arrangement represents a further potential power market for IPPs. The thermal plants are located on or near the Atlantic Ocean coastline and fuel supplies. A sub-transmission network of A programme designed to increase capacity and efficiency is underway to upgrade the existing network to kV.
As it connects the supply and demand side of the power sector, GRIDCo coordinates electricity supply and operates the national transmission network as an independent system operator ISO. It is responsible for the ongoing operation, reliability, upgrading and maintenance of the infrastructure. Distribution is currently managed by two organisations: The Government, in collaboration with the Energy Commission and the Public Utilities Regulation Commission, is currently investigating how further competition can be introduced into distribution.
The objective is to provide business and domestic consumers with a greater choice of energy supplier so that pricing and service levels remain competitive. To find out more about Amandi Energy, please contact us. The changes resulted in: VRA focusing on power generation, retaining its Akosombo, Kpong, and Aboadze power generation assets GRIDCo being spun out of the VRA to have the sole responsibility for independently and impartially operating the transmission network NED and ECG continuing to focus exclusively on distribution The creation of the Public Utilities Regulation Commission PURC , which sets energy prices rates and tariffs , monitors utility performance, promotes competition and focuses on balancing the interests of consumers and utilities The formation of the Energy Commission EC , which awards utility operating licences and sets performance standards.
The structure of Ghana's energy market is shown below. Ghana power and energy demand Annualised growth rates Energy demand GWh 10, 19, 7.