CARILEC prepares for fourth regulatory forum

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CARILEC prepares for fourth regulatory forum

PRESS RELEASE – The Caribbean Electric Utility Service Corporation (CARILEC) is getting set for its fourth Regulatory Forum next week.  The Forum scheduled for Tortola, British Virgin Islands on September 22, 2014 will follow the discussions held in Saint Lucia on April 1 this year.

The latest Regulatory Forum will be held under the theme “Regulating the Caribbean Energy Sector for Reliability, Security and Sustainability of Supply.”

The Regulatory Forums are designed to discuss issues related to regulation of the electricity industry as there has been increasing focus on introducing renewable energy generation sources, independent suppliers, among other changes in the Caribbean Electricity market.

CARILEC’s Executive Director, Allison Jean will address the Forum along with policy-makers from across the region, electricity experts and officials of the World Bank, which is sponsoring the event.

The Foreign Commonwealth Office of the British High Commission is also providing technical assistance for the activity. The Forum will look at the challenges and opportunities of introducing Regulation to Enable Renewable Integration; How Caribbean Countries can make the transition to regulated Electricity Markets; Renewable Energy Support Mechanisms and Pricing; and business opportunities for Caribbean Utilities in a market with High RE Penetration.

Simultaneously, CARILEC will host a Conference on Renewable Energy from September 22-23, 2014 in Tortola.  That conference will touch on themes related to challenges, best practices and solutions to Customization and Adaptation; Commercial Solutions to increased RE penetration in Small Island Developing States; Financing for Renewable Energy in SIDS; among others.

The highlight of the conference will be the presentation of a number of case studies by technical experts in the field of renewable energy in various break-out sessions.

April’s Regulatory Forum was attended by Energy Ministers from Anguilla, Bahamas, Belize, Jamaica, Montserrat, Nevis, Saint Lucia and Saint Vincent & Grenadines as well as representatives from Caribbean Electric utility companies, CARILEC, Regional Regulators and the World Bank.

The discussions concluded with a commitment to continue dialogue towards the adoption of a regulatory framework in the Caribbean that would suit the peculiar demands of all Caribbean territories.

For more information on the Regulatory Forum or for interviews, please contact Ms. Alison Pascal, Marketing and Member Services Coordinator at (758) 452-8604; (758) 718-8660 or email her at [email protected]

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