Renewable energy access in Rwanda: Electricity Price Forecasting

Abstract

Africa has very little electricity supply yet endowed with abundant renewable energy sources (RES). According to the 2014 World Bank series on energy and extractive industries, Rwanda has very low electrification levels. She has renewable energy potential for solar, hydro, methane gas, biomass, geothermal energy and currently investigations on wind is underway. Rwanda still boosts low access to electricity and high electricity prices compared to her neighboring countries. This paper proposes a new electricity pricing model that can be used to forecast the price in the Rwandan electricity market that is projected to be dominated with RES. In this research, the fuzzy logic model is applied to show that the price of electricity can be reduced to a significant extend.