Eastern Caribbean Energy Regulatory Authority Project to Be Launched
The Organisation of Eastern Caribbean States Secretariat, in collaboration with the Government of Grenada, the Government of Saint Lucia and the World Bank, hosted the Official Launch of the Eastern Caribbean Energy Regulatory Authority (ECERA) Project, on Thursday 7th November 2013.
The event, held at the Grenada Trade Center was in an effort to attract energy sector policy makers from across the OECS, regional organisations, including CARICOM and CARILEC, renewable energy project developers and financiers, private sector representatives including electricity consumers, among others.
The overall objective of the ECERA Project is to establish and operationalize a regional approach to the development of the electricity sector in the participating OECS Countries, by supporting the establishment of the ECERA to serve as many OECS Member States as possible.
The Project will be implemented in two phases.
The first phase involves the Establishment of ECERA, implemented by the Organisation of Eastern Caribbean States Secretariat, while the second phase involves the Operationalisation of ECERA implemented by the ECERA when established as a legal entity.
The Eastern Caribbean Energy Regulatory Authority will broadly be responsible for regulatory oversight of the electricity suppliers, including utilities and Independent Power Producers.