The Energy Regulators Association of East Africa (EREA) has been operationalised following the hiring of Geoffrey Mabea as its founding chief executive officer. “The alignment of energy policies, otherwise referred to as an integration of energy markets is meant to promote regional economic development in East Africa,” Mabea told the Star on phone. He said that an integrated energy market means that substantial sector reforms are pertinent. “The need to develop this entity arises from the need to support the National Regulatory Institutions, promote regional cooperation and support the development of a robust internal energy market,” Mabea said. Mabea is a seasoned energy expert and a Chevening alumnus, who has extensively researched on regional energy markets and quantified the economic benefits of integrating the EAC energy markets.

Source: The Star January 03, 2020 00:56 UTC