The Ministry of Infrastructure, Housing and Planning contracted the services of a consultant, the Regulatory Assistance Project (RAP) to assist with reforming the legislative and regulatory framework governing the Turks and Caicos Islands energy sector.
Work on the amendment of the Electricity Ordinance and the improvement of the regulatory framework began with Castalia Strategic Advisors back in 2012, Charting a Roadmap for Improving the Regulatory Framework for the Electricity Sector in the TCI; was restarted in October 2015, with the retention of RAP as the consultant.
During the course of the consultancy, meetings were held with FortisTCI, the TCHTA, the Chambers of Commerce, and members of the Renewable Energy Association. The process now seeks further input from the wider public to ensure all issues are considered and adequately addressed.
A Draft Report with proposed recommendations can be downloaded from the website, http://www.gov.tc/images/DRAFT_REPORT_TCI_ENERGY_SECTOR_REFORM.pdf.
The Ministry of Infrastructure Housing and Planning, is extending an invitation to members of the public to participate in the Consultation Meetings scheduled for Grand Turk this Wednesday May 25, 2016 at 7:00 PM at the Anglican Church Dillon Hall and for Providenciales – Tuesday May 31th 2016 at 6:30PM at Tropicana.
Among a number of deliverables, RAP was tasked with reviewing and modernizing the Electricity Ordinance and designing a regulatory framework for the energy sector consistent with policy objectives to:
1. Protect the interests of consumers, investors and the public.
2. Ensure and promote the healthy and sustainable development of the electricity sector and the economy as a whole.
3. Facilitate the promotion and introduction of renewable energy technologies such as solar, wind and other viable technologies; thereby reducing dependency on fossil fuels, consistent with government policies.
4. The promotion of energy efficiency initiatives, projects and programmes to reduce energy demand and costs.
5. Establish effective measures for the implementation and monitoring of service level standards.
