The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

GRENADA

3.7.2 | UTILITIES REGULATOR

The regulator for the RE Industry is the Public Utilities Regulatory Commission (PURC). It was established by the PURC Act, No. 20 of 2016 to regulate the Grenada’s public utilities operations. The PURC began its operations in February 2019. Its functions cover electricity rates, complaints, investigations, licencing and feed-in tariffs as well as ensuring that the environment is one that promotes fairness, sustainability and security in the electricity

sector. There are 7 persons in the PURC to perform these functions. Their relationship with the other key stakeholders is depicted in the diagram below. The regulatory function in relation to RE has only been recently established in 2019 and this department is therefore still learning the industry. They have not yet established all the relationships necessary to develop this sector.

LEAD GOVERNMENT MINISTRIES

PRIVATE SECTOR INSTITUTIONS

REGIONAL INSTITUTIONS

UTILITIES REGULATOR

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

RENEWABLE ENERGY COMPANIES

Figure 3.34 | Relationships of Grenada’s Utilities Regulator

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The Renewable Energy Industry in CARIFORUM Countries