The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

BARBADOS

While goverment plays an important role in education and is very consultative in its operations, the translation of policy into actionable items for the HEI’s has not been realized.

3.3.2 | UTILITIES REGULATOR

The Fair Trading Commission (FTC) is the regulator and functions under the Ministry of Energy, Small Business and Entrepreneurship. However, it has been established as an independent commission. It has been given oversight to regulate three utility companies; water, electricity and telecommunications. The electricity division oversees rates and service standards and investigates queries and complaints. This naturally includes the arrangements between RE generators and the electricity utility, and the regulation of the RE feed-in tariffs. Their staff complement assigned to the electricity section is 8 including 2 shared resources. Their relationship with the other key stakeholders is depicted right. The nature of the FTC’s role does not currently require any direct discussions with the financial institutions.

LEAD GOVERNMENT MINISTRIES

PRIVATE SECTOR INSTITUTIONS

REGIONAL INSTITUTIONS

UTILITIES REGULATOR

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

RENEWABLE ENERGY COMPANIES

Figure 3.12 | Relationships of Barbados’ Utilities Regulator

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The Renewable Energy Industry in CARIFORUM Countries