Regulatory Review of the Electricity Market in Seychelles: towards Crowding-in Private Sector Investment

Abstract

This report provides an analysis of electricity sector policies, laws, and regulations of Seychelles in relation to crowding-in private sector investment in the electricity value chain. It is part of the United Nations Economic Commission for Africa and RES4Africa Foundation joint program on Regulatory Review of the Electricity Sector in Africa: Towards Crowding-in Private Sector Investment currently being implemented in seventeen African countries. The purpose of this regulatory review is to pinpoint the main strengths and gaps of the policy and regulatory framework currently in force vis-a-vis private sector participation in the electricity market. It further aims to offer concrete recommendations for regulatory improvement and reform towards attaining a competitive, resilient, and sustainable electricity market which effectively crowds-in private capital. The regulatory analysis is undertaken following a comprehensive UNECA and RES4Africa regulatory review methodology, which was developed with the participation of African and international regulatory experts. The approach enables three broader assessments: the degree of openness of the electricity market to the private sector based on evaluation of the power Towards Crowding-in Private Sector Investment | 9 Executive Summary sector structure and governance; the attractiveness of the market based on an assessment of sector economics, fair competition, and overall economic regulation; and the readiness of the market based on an assessment of technical regulations.