Energy stakeholders meet

Energy stakeholders meet

Among topics of discussion will be the delivery of affordable, sustainable and clean energy.

The Caribbean Electric Utility Service Corporation (CARILEC), is hosting a conference this week under the theme “Movement: Utilities, People, Technology and Investment.”

The annual conference brings together chief executive, and chief finance officers of CARILEC’s membership.

As one of the most important bodies responsible for the strategic visioning and financing of utilities in the region, Saint Lucia Electricity Services (LUCELEC) Managing Director Trevor Louisy, said he looked forward to profound discussions on mitigating the cost of electricity for customers.

“This year’s conference is held during a time of major transformation within the electric utility industry,” Mr Louisy said. “The traditional business model of just selling kilowatt hours to customers is fast losing its validity. Expectations of the regulators, customers and other stakeholders are changing frequently, and regulatory structures continue to evolve. These will likely lead to increases in costs for utilities, unless emerging regulatory structures, business models, and technologies provide new and appropriate tools to help manage those costs.”

Chairman of the CARILEC Board of Directors and General Manager of Grenada Electricity Services Limited, Collin Cover, said although technological advancements and opportunities are rapidly changing the energy sector, the mandate of CARILEC remains.

“Our quest is the same as it always was—to deliver affordable electricity to the Caribbean people,” he said.

In declaring the conference open, Saint Lucia’s Minister for Infrastructure, Ports, Energy and Labour, Hon. Stephenson King, charged CARILEC members to use this conference to continue to build on the region’s goals to bring clean energy to the Caribbean.

“Let us build a conducive energy space, one that is inclusive not exclusive, one that is sustainable, and one that utilizes clean energy,” said the minister.

The CARILEC CEOs and CFOs conference will run in Saint Lucia from May 16 to May 19.

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