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Energy Situation in the Caribbean in the past decades • 70 - 80ties: many national utilities were privatized without setting the rules of the game properly. • Energy policy, energy forecasting and planning: neglected by governments and left in the hands of utilities. • Consequence today: Lack of approved National and Regional Energy Policies, Energy Actions Plans, favorable sector regulations and sustainable energy incentives for exploration and exploitation of RE and EE. • Inefficient energy policy decision procedures and regulation due to ongoing splits of energy portfolios in different Ministries for alternative energies/ policies/ planning and public utilities. • Lack of energy expertise in Ministries with responsibilities for energy. • Electricity Supply Acts in many Caribbean states guarantee a rate of return on investment of 15% for electric utilities without obligations and benchmarks for utilities to use RE and apply EE. Santo Domingo, October 13 -15, 2010PDF Image | Promoting RE and grids: Carbon Finance Caribbean
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