Functions and Funding of the NURC
n re ious columns we ha e established that the o ernment of aint ucia intends to introduce com etition in the generation of electricity through the establishment of the ational tility egulatory ommission . he will be formed following the re eal of the lectricity u ly ct and the establishment of the lectricity u ly er ices ill. ustainable e elo ment and nergy Minister r ames letcher says its function will be to regulate and o ersee the electricity and water sectors. e thin the two sectors are too small to ha e se arate regulators for water and se arate regulators for electricity, and we thin good economies of scale can be established and reduce the burden on the consumer ha ing to ay for a big regulatory a aratus for water and a big one in energy, says r letcher. unding of the will be through monies allocated by arliament, fees aid to the ommission as well as grants and loans. he is e ected to be a self-sufficient entity. ore functions of the are e ected to include re iewing and determining a lications for licenses to ro ide electricity and water su ly ser ices and to establish, a ro e, monitor and re iew tariff schemes. n essence, com anies li e and would be re“uired to a ly to the and ay for licenses to ro ide electricity and water ser ices, and the will set the rates that customers are e ected to ay. n addition, the will also license and set the tariff for renewable energy com anies to generate electricity. he will also be res onsible for setting and enforcing standards for the electricity and water sectors. his, according to the will ensure the rotection of the interests of consumers in relation to these ser ices. es onsibility to consumers will also include recei ing and e aluating consumer com laints, including damage claims and resol ing dis utes. he will also romote com etition and monitor anti-com etiti e ractices in the water and electricity sector. he will ha e urisdiction o er technical regulations for both sectors in ee ing with international rinci les and best ractices, and will monitor com liance to these regulations. t will also ad ise the Minister with res onsibility for tilities on the formulation of national olicy on matters relating to the electricity and water sectors as well as ensure the efficient, economic and harmoni ed de elo ment of these sectors in aint ucia. he will also re ort to and ad ise the Minister on the economic, financial, legal, technical, en ironmental and social as ects of the water and electricity sectors. n essence, according to r letcher, the will effecti ely run the water and electricity sectors ta ing o er all res onsibility from the o ernment of aint ucia. he ob of the Minister is to refer a lications that he or she recei es to the regulator, the regulator ad ises the Minister and the Minister im lements. he same way it has wor ed for well o er a decade in the telecommunications sector is the ery same way we e ect it to wor the electricity and water sector. n our ne t column we will ta e a loo at what thin s of regulation in general and the ongoing mo e to establish a regulator for its core business. omments or “uestions associated with this article or about in general are welcomed. end email to connected lucelec.com or call - . ou can also isit our website at www.lucelec.com for additional information.