Regional Forum and Workshop on Regulatory Reform in the Electricity Sector of the Caribbean
April 23, 2010
Gros Islet, St. Lucia
What is the essential role of the regulator during good times and bad? What are the new regulatory roles in times of crisis? These were the questions addressed during this PURC workshop for the Caribbean Electric Utility Service Corporation (CARILEC) sponsored by the Organization of American States (OAS).
The workshop in St. Lucia engaged utilities, regulators, and ministry officials in a scenario-planning exercise to study their roles. Examining scenarios of political campaigns against electricity prices, sharp fuel price increases, and uninformed policy choices, the 55 workshop participants concluded that utility regulators play a critical role in defending the policymaking and regulatory system during difficult times. The regulators also help people focus on facts and systematic decision-making, while helping them confront the adaptive problems they face. PURC Director Mark Jamison and Director of Energy Studies Ted Kury delivered the workshop. Ted described the various options in market reform, and their strengths and weaknesses.