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in executing its duties. The mandate and authority of the SEU also must be clearly established without too much overlap with the work program of other government institutions, so as to minimize domain, hierarchy, and chain-of-command challenges. 3.2.6.4.4 Policy Targets and Objectives The NEP lists the short-term (1 to 5 years), medium-term (5 to 10 years), and long-term (10 to 20 year) targets for the Bahamas. The only major critique of this approach is that much of the targets lack specificity in terms of who is responsible for ensuring that the targets are met, and targeted timeframe for the completion of certain activities. Further, for instances in which the target is a reduction, a measurable target—in terms of percentages, dollar amount, or other quantifiable amount—should be included. 3.2.6.4.5 Transport Sector Policy Agenda The policy targets and objects are in keeping with good sector-reform practices. 3.2.7 Key Lessons Learned • The legal, policy, and regulatory framework periodically should be reviewed to reflect developments in energy sector reform. • Transparency and accountability are essential components of effective energy management and governance. 3.2.8 Energy Governance Stakeholders 3.2.8.1 Government Agencies The key government stakeholders are the Ministry of Energy & Environment, the Bahamas Environment Science & Technology, and the Public Utilities Commission. The Ministry of Energy & Environment was established in 2006 to develop a national energy policy addressing energy efficiency and adoption of renewable energy. The Public Utilities Commission currently regulates only telecommunications services, although its scope also can cover electricity, water, and gas services (Wilson 2009, pp. 28, 32). 3.2.8.2 Public-Private Partnerships The Grand Bahama Port Authority Limited is a private corporation granted authority for municipal and economic development on the island of Grand Bahama. The GBPA regulates utilities, sets electricity tariffs, grants business licenses, and holds an exemption from import duties for capital equipment on this island alone (Wilson 2009, pp. 32–34). 3.2.8.3 Utilities and Independent Power Producers Both the Bahamas Electricity Company and Grand Bahama Power (GBP) operate as monopolies, each with exclusive authority for electricity production, transmission, and distribution on its respective domain. Self-generation is not allowed, and IPPs are permitted only on the Family Islands (NEPC 2008, pp. 5, 9). 3.2.8.4 National Energy Policy Committee The Bahamas National Energy Policy Committee published a draft NEP (“First Report of the NEPC”) in 2008. At the time of this analysis the second draft was being reviewed by an external consultant financed by the Inter-American Development Bank. To date, the NEP has not been adopted by the government as policy. The draft NEP outlines both targets and policy objectives over the short, medium, and long term for the nation. The NEP details an implementation strategy for these goals, identifying 36PDF Image | Energy Policy and Analysis Caribbean
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