Sealy: Open energy market
GOVERNMENT IS MOVING TOWARDS “democratisation” of the island’s electrical generation and supply, encouraging development of renewable energy by more Barbadian entrepreneurs.
Tabling the Electric Light and Power Amendment Bill in the House of Assembly yesterday, Acting Prime Minister Richard Sealy said it was in Barbados’ best interest to move in the direction of renewable energy.
The new Electric Light and Power Amendment Act amends a section of the original Act to increase the categories of licences for domestic and commercial operators from nine to ten and extends kilowatt capacity to capture another category of renewable energy producer.
Sealy pointed out the original law was designed to promote the generation of electricity from other sources including renewable sources, enhance security and to provide the appropriate regime for such. (GC)
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