SAN JUAN – Grenada and St. Lucia are at work on establishing national energy regulatory commissions in response to an initiative of the Organization of Eastern Caribbean States.
Another OECS member-state, Dominica, said Thursday in a statement that the project aims “to establish and operationalize a regional approach to the development and regularization of the electricity sector.”
Representatives from several OECS member-states met this week in Roseau, Dominica, to discuss regulatory frameworks.
“The current legal and regulatory framework in many of the countries is archaic and is in need of reform to create the enabling environment for advancing our trust for increased investments in renewable energy technologies,” the director of the OECS Commission’s Social and Sustainable Development Division, Bentley Browne, said.
Dominica, with help from the World Bank, established an independent energy regulatory commission in 2008 and is now offering the benefits of that experience to its OECS partners.
OECS comprises Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines and Montserrat.
Anguilla and British Virgin Islands are associate members.