PRESS RELEASE:- Minister for Infrastructure, Ports, Energy & Labour, Honourable Stephenson King led a delegation to a Ministerial Dialogue and 14th Meeting of the Regional Energy Committee in Grenada on September 8 – 9, 2016.
The delegation included, inter alia, Permanent Secretary in the Department of Infrastructure, Ports & Energy Mrs. Allison Jean, Permanent Secretary in the Department of Economic Development, Civil Aviation and Transport Ms. Tracy Polius and Permanent Secretary in the Department of Sustainable Development Mr. Sylvester Clauzel.
The Grenada delegation was led by Minister for Communications, Works, Physical Development, Public Utilities and ICT, Honourable Gregory Bowen with support by Permanent Secretary, Ministry of Finance & Energy Mr. Mike Sylvester and Permanent Secretary, Ministry of Communications, Works, ICT, Community Development and Public Utilities Ms. Patricia Clarke.
The Eastern Caribbean Energy Regulatory Authority Project was officially launched in Grenada on November 7, 2013. The Governments that formed the ECERA expressed concern regarding the viability of a regional energy regulator with just two countries.
Saint Lucia and Grenada, therefore, concluded in 2015 that the original design for ECERA as a Regional Regulatory Authority did not take account of the peculiarities of the energy industry and the unique characteristics of the electric utilities within the OECS.
As a result, in January 2016 the ECERA Participating Countries adjusted the project to advance the establishment of national energy regulatory entities (National Utilities Regulatory Commission [NURC of Saint Lucia] and Public Utilities Regulatory Commission [PURC of Grenada]) that would have direct regulatory oversight of the industry.
It was also agreed that the Participating Countries would engage in harmonizing their policies and regulatory frameworks with a view to expanding these in the future in accordance with the original project objectives.
Participants at the meeting received an update on the activities that have been pursued towards the establishment of the ECERA as a non-profit entity. In addition, a review of an Establishment Agreement was conducted and accepted by both Participating Countries. Observers from St. Kitts, Antigua, Dominica and ECTEL were also present.
It is anticipated that ECERA as a non-profit company will be established and functional by January 2017.