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BARBADOS A Bill entitled An Act to regulate the generation, storage, transmission, distribution, dispatch, supply and sale of electricity. ENACTED by the Parliament of Barbados as follows:
This Barbados National Energy Policy (BNEP) document is designed to achieve the 100% renewable energy and carbon neutral island- state transformational goals by 2030. These include: Provision of reliable, safe, affordable, sustainable, modern and climate friendly energy services to all residents and visitors.
The BNEP provides a basis for building on these successes while seeking to expand the use of these and other renewable energy technologies such as wind and biofuels. However, even as Barbados promotes the development of renewable energy, there are ongoing plans to explore for fossil fuel resources offshore.
The Utilities Regulation Act works in tandem with the Fair Trading Commission Act, which enables the Fair Trading Commission as the regulator in Barbados to investigate complaints and appeals. The Act governs the Utilities by outlining the duties of service providers and the standards of service and mandates the FTC to ensure reasonable rates.
However, even as Barbados promotes the development of renewable energy, there are ongoing plans to explore for fossil fuel resources offshore. This patrimony will be pursued aggressively with the view to maximise foreign exchange gains from the export of any exploited hydrocarbons.
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