PURC Advanced International Practices Program for LUCELEC - Utility Pricing
October 31 - November 4, 2016
The National Utitlity Regulatory Commission of St. Lucia has recently expanded its scope of regulatory services to include the electricity sector. PURC Director Mark Jamison, PURC Director of Energy Studies Ted Kury, and David Richardson delivered PURC’s one week advanced program on pricing to an audience that included executives and staff from LUCELEC, as well as staff of the regulator and other interested stakeholders. Topics included the development of the revenue requirement, cost allocation, and the derivation of retail prices. Participants not only experienced interactive presentations on these topics, but had the opportunity to practice their new skills in small group, utilizing PURC’s proprietary spreadsheet model. Participants thenpresented their rate designs and shared the process that the group had discussed. The latter part of the program involved special topics applicable to the water industry, which NURC also regulates. Everyone gained a better uinderstanding fo the pricing challenges facing the country and the skills necessary to address them.