Func­tions and Fund­ing of the NURC

The Star (St. Lucia) - - LOCAL -

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.

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