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3GOALS AND POLICIES 3.1 INSTITUTIONAL ISSUES The GoG recognises that building a dynamic, diversified energy sector will require the establishment of a new institutional framework. To ensure the proper use and trans- parency of allocation of public funds to achieve the energy policy goals, an adequate institutional regime and competent base of professionals, administrative, legal and financial personnel is warranted. This will result in the rational creation of regulations and incentives to address needed market conditions for improved energy services to lower energy prices for the consumer. Good governance, ensuring that all sectors of society have access to objective information and means to participate in decision making will lead to continued public support. This also entails allowing supervision of energy resources destined for the next generations to satisfy their future needs. Policies: N Establish relevant government entities with the adequate mandates, authority and staffing to address objectives of the energy policy. Starting with the establishment of a National Sustainable Energy Office (NSEO) based on a clear Terms of Reference, presented in Annex IV; N Put in place a new and efficient institutional architecture to access and manage development financing mechanisms and international resources destined to national energy initiatives or projects, in a phased programme, as public financial resources allow; N Create specialized professional educational programs to capacitate public sector staff to operate in the energy sector (conventional and renewable energy); N Continuously review and publish changes in technology, efficiencies of operations, update energy statistics, changes in the costs and conditions in both the renewable and hydrocarbon markets; N Continuously assess the effectiveness of policy implementation and their impacts on the socio-economic conditions in Grenada. 3.2 LEGAL AND REGULATORY FRAMEWORK To meet the objectives and goals of this National Energy Policy, the Government aims to formulate and put in place the adequate set of laws, programs and regulations taking into account the distinct nature and character of Grenada’s legal regime to shape the energy future and development of Grenada. 6 GRENADAPDF Image | THE NATIONAL ENERGY POLICY OF GRENADA
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