PURC Regulatory Training Course for High Level Members of the Organisation of Eastern Caribbean States (OECS)
October 14 - 16, 2014
Understanding the important benefits of an independent regulator, even for state-owned utilities, was the subject of this three-day course in Grenada. Leadership from the OECS (Organisation of Eastern Caribbean States) who are working on forming a multinational regulatory system examined the critical features and roles of an independent regulator, the findings by academic researchers on the effects of having a proper regulatory agency, and how a well-designed regulatory system affects the roles of prime ministers, legislative bodies, ministries, courts, utilities and other stakeholders. Noting that important affected stakeholders experience losses and may resist change, the PURC faculty, Dr. Mark Jamison and Dr. Ted Kury, led the group in exploring ways to improve outcomes by proper regulatory design and working with impacted groups.