Abstract

Electricity is an important energy carrier which, like other energy carriers, faces unprecedented uncertainty and price volatility due to change in supply and demand patterns. Among others, market conditions have overtime transformed a capacity excess Ghanaian electricity regime of the 1970s into a capacity short regime in recent times, even in the face of a perfect blend of conventional and renewable energy resources. Since the 1980's when Ghana started experiencing signs of capacity shortage - due to serious drought resulting from her overdependence on hydropower - the country has been ...