Uganda Energy Credit Capitalisation Company is the Implementing Agency of the Financial Intermediation Component of the Electricity Access Scale up Project (EASP) with a component value of $110 million The project is supported by the World Bank and the Government of Uganda.
The Price Subsidy Program for Clean Energy Technologies (A Results Based Financing Program) is one of the core programs of the project. Under this program, prices for off grid solar systems for lighting and charging, clean cooking solutions and Productive Use of Energy (PUE) as well as Clean Cooking technologies will be significantly discounted to address affordability barrier associated with the upfront cost of acquiring good quality clean energy technologies.
Specifically,
Solar lantern prices will be reduced by 60% and the prices for Solar systems with two lights will be reduced by 50%;
Clean cooking solution prices powered by solar, briquettes, ethanol, biogas and liquefied petroleum gas will be discounted by 30%-50% depending on the technology.
Productive uses of energy equipment such as water pumping, irrigation, refrigeration and cooling, water heating and grain milling will have prices reduced by 60%.
UECCC is partnering with Energy Service Companies and will use market-based approaches to deliver the price subsidies to Ugandans and refugees. The World Bank and UECCC have so far selected eighty-seven (87) Energy Service Companies to participate, and the list continues to grow. The selected companies will have a wide geographical outreach across Uganda and will also be supported to address market entry barriers and make sales in remote areas of Uganda.
The objective of the pre-selection is to ensure that only companies that supply quality products certified by Uganda National Bureau of Standards (UNBS) participate in this program.
Discounted sales operations by the prequalified Energy Service Companies will commence on November 1, 2024. Thereafter, UECCC will undertake country wide regional sensitization and market awareness activities.
Access to the price subsidies will be simple and transparent requiring presentation of a National Identification Card and the ability to pay the price of an eligible product after the government discount. Households will be able to take their products home immediately.
The Original prices and discounted prices for each Participating Energy Service Company will be made public to all Ugandans through various marketing media.
UECCC looks forward to working with all the key stakeholders within the Renewable Energy eco-system for the successful implementation of this important Program that will significantly contribute to the socio-economic transformation of Ugandans.
UECCC is a government of Uganda company set up to catalyse financing for renewable energy projects and increased access to clean and modern energy services.
More specifically, the company was set up to facilitate private sector participation through the provision of catalytic financing instruments and technical assistance to address barriers inhibiting increased access to clean and modern energy services.
The company is well positioned to pool resources from government and development partners and to channel the same to catalyse financing for the development and implementation of RE projects and access programs.
The company then uses the mobilised public resources to leverage private sector participation in the financing of renewable energy projects and access programs.
The company’s interventions are designed to respond to government policies (including the NDP III, NDP IV, & SDG7) and priority programs towards increased access to electricity for lighting, clean cooking and productive uses of energy.
